Welcome!

News Feed Item

Canada Post's new pricing structure for letters to take effect March 31

Increase is part of the overall plan to preserve postal service for Canadians

OTTAWA, March 19, 2014 /CNW/ - As announced in December, Canada Post is introducing a new tiered pricing structure for domestic and international letters. The regulatory process has concluded and documents will soon be published in the Canada Gazette Part II.

On March 31, the price of Permanent (or "P") stamps bought in booklets, coils and panes will be $0.85 per stamp, up from $0.63 today. "P" stamps are valid on standard letters 0-30 g mailed within Canada. A $0.22 stamp will be available as make-up postage for 0-30 g letters for those customers who wish to use previously purchased $0.63 stamps. Permanent stamps, identified with the letter P in place of a value, will continue to be accepted even if they were purchased at a lower price prior to the adjustment. The typical Canadian household buys fewer than two stamps per month which means an estimated additional household cost of less than $5 per year.

Customers who wish to purchase a single stamp will pay $1. This represents about two per cent of all stamp purchases.

For commercial customers, the new pricing structure will be adjusted as follows:

  • Businesses that use postage meters or indicia will pay a new discounted commercial rate of $0.75 (per domestic letter 0-30 g).
  • Incentive Lettermail customers who meet volume and preparation requirements will benefit from significantly lower prices, at $0.70 for Machineable Lettermail and $0.69 for Presorted Lettermail (per letter 0-30 g).
  • The pricing for U.S., international and oversized Lettermail will increase, falling in line with the new levels. However, the pricing for these services will not include uniquely differentiated prices for single stamps.
  • For the average small business, the increase is estimated to be less than $55 a year in additional costs.

Canada Post is also introducing some temporary and permanent measures to support small businesses and charities. From March 31 to December 31, 2014, a 5-per-cent discount will be available for VentureOne cardholders who purchase a minimum of 300 Permanent stamps, in coils of 100 or more, in a single transaction. Meter customers will receive a 5-per-cent rebate on their Lettermail postage purchases during that time period up to a maximum rebate of $250.

To help small businesses and charities utilize direct mail to support their business in the long term, Canada Post is also permanently lowering the minimum volume requirements on some key products. This will provide them with access to lower postage rates for the distribution of their advertising and other materials. Details can be found at canadapost.ca/notice.

The one-time strategic adjustment to Lettermail pricing was a difficult decision, but it was also a case of necessity. Lettermail volumes have fallen steadily since 2007, and that trend continues as more and more Canadians turn to digital and mobile alternatives. With a mandate to serve all 15.5 million addresses in Canada – a number that rises on average by 170,000 addresses a year ‒, Canada Post must remain financially self-sufficient.

For $0.85, a customer can have a letter delivered across Canada, the world's second-largest country, in four business days; a letter can be delivered within a province in three business days and within a city in two business days. This requires a costly, complex and customer-focused operation.

In December 2013, Canada Post announced a Five-point Action Plan to transform its business and preserve postal services for all Canadians, and the largest financial benefit of that plan will come from the initiatives that reduce operational costs. However, these will take longer to fully implement. This price adjustment offers an immediate and much-needed financial contribution. In 2015 and beyond, annual pricing adjustments will return to levels that consumers and the mailing industry have seen in the past, reflecting inflation and operational costs.

Background
The operations of the Canada Post Group of Companies are funded by the revenue generated by the sale of its products and services, not taxpayer dollars. Canada Post has a mandate from the Government of Canada to remain financially self-sufficient and to provide a standard of postal service that is affordable and meets the needs of the people of Canada.

SOURCE Canada Post

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
DevOpsSummit New York 2018, colocated with CloudEXPO | DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City. Digital Transformation (DX) is a major focus with the introduction of DXWorldEXPO within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term.
The technologies behind big data and cloud computing are converging quickly, offering businesses new capabilities for fast, easy, wide-ranging access to data. However, to capitalize on the cost-efficiencies and time-to-value opportunities of analytics in the cloud, big data and cloud technologies must be integrated and managed properly. Pythian's Director of Big Data and Data Science, Danil Zburivsky will explore: The main technology components and best practices being deployed to take advantage...
Most DevOps journeys involve several phases of maturity. Research shows that the inflection point where organizations begin to see maximum value is when they implement tight integration deploying their code to their infrastructure. Success at this level is the last barrier to at-will deployment. Storage, for instance, is more capable than where we read and write data. In his session at @DevOpsSummit at 20th Cloud Expo, Josh Atwell, a Developer Advocate for NetApp, will discuss the role and value...
Dynatrace is an application performance management software company with products for the information technology departments and digital business owners of medium and large businesses. Building the Future of Monitoring with Artificial Intelligence Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more busi...
CloudEXPO New York 2018, colocated with DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.
SYS-CON Events announced today that DatacenterDynamics has been named “Media Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY. DatacenterDynamics is a brand of DCD Group, a global B2B media and publishing company that develops products to help senior professionals in the world's most ICT dependent organizations make risk-based infrastructure and capacity decisions.
DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.
@DevOpsSummit at Cloud Expo, taking place November 12-13 in New York City, NY, is co-located with 22nd international CloudEXPO | first international DXWorldEXPO and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time t...
Today, we have more data to manage than ever. We also have better algorithms that help us access our data faster. Cloud is the driving force behind many of the data warehouse advancements we have enjoyed in recent years. But what are the best practices for storing data in the cloud for machine learning and data science applications?
"When you think about the data center today, there's constant evolution, The evolution of the data center and the needs of the consumer of technology change, and they change constantly," stated Matt Kalmenson, VP of Sales, Service and Cloud Providers at Veeam Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
New competitors, disruptive technologies, and growing expectations are pushing every business to both adopt and deliver new digital services. This ‘Digital Transformation’ demands rapid delivery and continuous iteration of new competitive services via multiple channels, which in turn demands new service delivery techniques – including DevOps. In this power panel at @DevOpsSummit 20th Cloud Expo, moderated by DevOps Conference Co-Chair Andi Mann, panelists examined how DevOps helps to meet the de...
Cloud-enabled transformation has evolved from cost saving measure to business innovation strategy -- one that combines the cloud with cognitive capabilities to drive market disruption. Learn how you can achieve the insight and agility you need to gain a competitive advantage. Industry-acclaimed CTO and cloud expert, Shankar Kalyana presents. Only the most exceptional IBMers are appointed with the rare distinction of IBM Fellow, the highest technical honor in the company. Shankar has also receive...
Bill Schmarzo, author of "Big Data: Understanding How Data Powers Big Business" and "Big Data MBA: Driving Business Strategies with Data Science" is responsible for guiding the technology strategy within Hitachi Vantara for IoT and Analytics. Bill brings a balanced business-technology approach that focuses on business outcomes to drive data, analytics and technology decisions that underpin an organization's digital transformation strategy.
A valuable conference experience generates new contacts, sales leads, potential strategic partners and potential investors; helps gather competitive intelligence and even provides inspiration for new products and services. Conference Guru works with conference organizers to pass great deals to great conferences, helping you discover new conferences and increase your return on investment.
Headquartered in Plainsboro, NJ, Synametrics Technologies has provided IT professionals and computer systems developers since 1997. Based on the success of their initial product offerings (WinSQL and DeltaCopy), the company continues to create and hone innovative products that help its customers get more from their computer applications, databases and infrastructure. To date, over one million users around the world have chosen Synametrics solutions to help power their accelerated business or per...