Discussion - Member to Member Sales - Research Center
Discussion - Member to Member Sales - Research Center
2 HOURS AGO2 MIN READ 0
Canada Post is seeking approval to increase the price of a domestic stamp in a booklet, coil or pane from 92 to 99 cents.
The proposed rate changes would also affect other products, including U.S., international letter-post and domestic Registered MailTM items. The price of a single stamp for a domestic letter (30 grams or less) would increase from $1.07 to $1.15. When purchased in a booklet, coil or pane, the price would increase from 92 cents to 99 cents per stamp.
The new rate would take effect this May 6. Rates quoted are before applicable taxes.
According to Canada Post, domestic letter mail rates have increased twice over the last decade (five cents in 2019 and two cents in 2020), with the last major pricing change on March 31, 2014.
Canada Post says the rate increase will impact the average Canadian household at 65 cents per year and the average Canadian small business at $12.07 per year. PermanentTM stamps will always be accepted at the current domestic postage price.
“While the Corporation has worked to minimize or hold rates for much of the last decade, the cost of providing a postal service to all Canadians has also been steadily impacted by inflation,” states a Canada Post news release. “This, combined with the fact that each year there are fewer letters to deliver to more addresses, has put considerable financial pressure on Canada Post. As an organization funded by revenue from the sale of its products and services, not taxpayer dollars, rate changes are a reality.”
The proposed rates were published today in Part I of the Canada Gazette for public comment. Subject to regulatory approvals, they would take effect on May 6, 2024.
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I have to admire Canada Post for keeping postage rates down for so many years. 92 to 99 is only 7 cents, or less than 2c a year.
During the same time since the last CP rate increase, we've had five increases in the first class rate here in the US, from 55c to 68c, over 3c a year, and will likely go to 70c in the second half of 2024.
I remember years ago when CP would increase rates every year and new stamps for the various rates would come out. Glad someone is showing some restraint in this world of ours.
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Canada Post seeking to increase domestic stamps to 99 cents
2 HOURS AGO2 MIN READ 0
Canada Post is seeking approval to increase the price of a domestic stamp in a booklet, coil or pane from 92 to 99 cents.
The proposed rate changes would also affect other products, including U.S., international letter-post and domestic Registered MailTM items. The price of a single stamp for a domestic letter (30 grams or less) would increase from $1.07 to $1.15. When purchased in a booklet, coil or pane, the price would increase from 92 cents to 99 cents per stamp.
The new rate would take effect this May 6. Rates quoted are before applicable taxes.
According to Canada Post, domestic letter mail rates have increased twice over the last decade (five cents in 2019 and two cents in 2020), with the last major pricing change on March 31, 2014.
Canada Post says the rate increase will impact the average Canadian household at 65 cents per year and the average Canadian small business at $12.07 per year. PermanentTM stamps will always be accepted at the current domestic postage price.
“While the Corporation has worked to minimize or hold rates for much of the last decade, the cost of providing a postal service to all Canadians has also been steadily impacted by inflation,” states a Canada Post news release. “This, combined with the fact that each year there are fewer letters to deliver to more addresses, has put considerable financial pressure on Canada Post. As an organization funded by revenue from the sale of its products and services, not taxpayer dollars, rate changes are a reality.”
The proposed rates were published today in Part I of the Canada Gazette for public comment. Subject to regulatory approvals, they would take effect on May 6, 2024.
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re: Proposed Canadian Postal Rate Increases if they are approved are to take effect May 6th.
I have to admire Canada Post for keeping postage rates down for so many years. 92 to 99 is only 7 cents, or less than 2c a year.
During the same time since the last CP rate increase, we've had five increases in the first class rate here in the US, from 55c to 68c, over 3c a year, and will likely go to 70c in the second half of 2024.
I remember years ago when CP would increase rates every year and new stamps for the various rates would come out. Glad someone is showing some restraint in this world of ours.
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