👉Canada Post is proposing a 25-cent increase in stamp prices, raising the cost to $1.24 by January 2025. The organization says the one-time hike is necessary to align stamp costs with rising service expenses, especially as letter mail volumes have dropped by 60% over the last two decades, despite an increase in addresses. In August, Canada Post's board chair noted that the current financial situation is unsustainable due to declining letter usage and increasing competition in parcel deliveries. If approved, the new rates could generate an estimated $80 million in additional revenue next year.✅ . 𝐍𝐚𝐯𝐢𝐠𝐚𝐭𝐞 𝐲𝐨𝐮𝐫 𝐡𝐨𝐦𝐞 𝐣𝐨𝐮𝐫𝐧𝐞𝐲 𝐞𝐟𝐟𝐨𝐫𝐭𝐥𝐞𝐬𝐬𝐥𝐲 𝐰𝐢𝐭𝐡 𝐊𝐚𝐦𝐚𝐥, 𝐲𝐨𝐮𝐫 𝐝𝐞𝐝𝐢𝐜𝐚𝐭𝐞𝐝 𝐆𝐓𝐀 𝐑𝐞𝐚𝐥𝐭𝐨𝐫. 𝐂𝐚𝐥𝐥: +𝟏 (𝟔𝟒𝟕) 𝟔𝟕𝟑-𝟑𝟓𝟏𝟔 𝐄𝐦𝐚𝐢𝐥: 𝐤𝐚𝐦𝐚𝐥@𝐭𝐡𝐞𝐜𝐚𝐧𝐚𝐝𝐢𝐚𝐧𝐡𝐨𝐦𝐞.𝐜𝐨𝐦 @kamalpillai_realtor . . #CanadaPost #StampPriceHike #MailService #PostageRates #LetterMail #PostalService #ParcelCompetition #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉Canada Post implemented a price hike on Monday, increasing the cost of sending letters across Canada. Stamps purchased in bulk now cost 99 cents each, up by seven cents, while the price of a single domestic stamp rose to $1.15 from $1.07. The postal service's decision to raise prices follows a reported loss for 2023, with warnings of unsustainable losses in the future. Factors contributing to the loss include heightened parcel delivery competition post-pandemic, declining transaction mail, and rising delivery costs due to increased addresses.✅ . 𝐁𝐞𝐬𝐭 𝐈𝐧𝐝𝐢𝐚-𝐂𝐚𝐧𝐚𝐝𝐚 𝐟𝐥𝐢𝐠𝐡𝐭 𝐝𝐞𝐚𝐥𝐬 𝐚𝐰𝐚𝐢𝐭! 𝐑𝐚𝐡𝐦𝐚𝐧 𝐓𝐫𝐚𝐯𝐞𝐥 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 (𝟔𝟒𝟕) 𝟖𝟖𝟗-𝟐𝟕𝟕𝟔, 𝟗𝟎𝟓-𝟒𝟏𝟐-𝟐𝟕𝟖𝟕 𝐬𝐚𝐥𝐞𝐬@𝐫𝐚𝐡𝐦𝐚𝐧𝐭𝐫𝐚𝐯𝐞𝐥𝐬𝐞𝐫𝐯𝐢𝐜𝐞𝐬.𝐜𝐨𝐦 @rahmantravelservices . . #CanadaPost #StampPriceHike #MailingCosts #PostalService #PriceIncrease #MailDelivery #CanadaEconomy #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉Canada Post has reported a staggering pre-tax loss of $748 million for the year 2023, signaling a "critical" financial situation for the Crown corporation. The annual report, released on Friday, warns of unsustainable losses in the coming years without significant changes to its operating model. Despite an increase in package deliveries, declining revenue from letter mail and parcels continues to plague the corporation. If major changes are not implemented, Canada Post could run out of operating funds by early 2025, the report states. Over the past six years, Canada Post has accumulated losses totaling $3 billion.✅ . 𝐍𝐚𝐯𝐢𝐠𝐚𝐭𝐞 𝐲𝐨𝐮𝐫 𝐡𝐨𝐦𝐞 𝐣𝐨𝐮𝐫𝐧𝐞𝐲 𝐞𝐟𝐟𝐨𝐫𝐭𝐥𝐞𝐬𝐬𝐥𝐲 𝐰𝐢𝐭𝐡 𝐊𝐚𝐦𝐚𝐥, 𝐲𝐨𝐮𝐫 𝐝𝐞𝐝𝐢𝐜𝐚𝐭𝐞𝐝 𝐆𝐓𝐀 𝐑𝐞𝐚𝐥𝐭𝐨𝐫. 𝐂𝐚𝐥𝐥: +𝟏 (𝟔𝟒𝟕) 𝟔𝟕𝟑-𝟑𝟓𝟏𝟔 𝐄𝐦𝐚𝐢𝐥: 𝐤𝐚𝐦𝐚𝐥@𝐭𝐡𝐞𝐜𝐚𝐧𝐚𝐝𝐢𝐚𝐧𝐡𝐨𝐦𝐞.𝐜𝐨𝐦 @kamalpillai_realtor . . #CanadaPost #FinancialLoss #PostalService #FinancialCrisis #OperatingFunds #RevenueDecline #PostalIndustry #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉Canada Post is seeking approval to increase the price of stamps by seven cents, making it 99 cents for those in booklets, coils, or panes, citing these as the majority of sales. For individually purchased stamps, the cost for a domestic letter would rise from $1.07 to $1.15. The proposed changes also impact U.S., international letter-post, and domestic registered mail. Subject to regulatory approvals, the new rates are expected to take effect on May 6. Canada Post attributes the increase to financial pressures arising from inflation and declining letter volumes, estimating an annual impact of 65 cents for the average household and $12.07 for the average small business.✅ . 𝐄𝐱𝐩𝐞𝐫𝐭 𝐌𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐀𝐝𝐯𝐢𝐬𝐞- 𝐀𝐭 𝐚 𝐭𝐢𝐦𝐞 𝐚𝐧𝐝 𝐩𝐥𝐚𝐜𝐞 𝐜𝐨𝐧𝐯𝐞𝐧𝐢𝐞𝐧𝐭 𝐟𝐨𝐫 𝐲𝐨𝐮! 𝐉𝐨𝐦 𝐌𝐚𝐭𝐭𝐚𝐦 𝐌𝐨𝐛𝐢𝐥𝐞 𝐌𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐀𝐝𝐯𝐢𝐬𝐨𝐫 +𝟏 𝟔𝟒𝟕 𝟗𝟐𝟎 𝟔𝟓𝟑𝟎 𝐣𝐨𝐦.𝐦𝐚𝐭𝐭𝐚𝐦@𝐜𝐢𝐛𝐜.𝐜𝐨𝐦 @jom_mattam . . #CanadaPost #StampPriceHike #PostalService #PriceIncrease #MailServices #FinancialPressures #PostalRates #mnm #malayalisnearmeapp #canadaupdate #canadanews