Canada Post reminds of price incease

As part of a five year pricing strategy announced in 2009, Canada Post has reminded its customers that the domestic basic letter rate will increase by 2 cents, from 57 cents to 59 cents, for standard letters weighing up to 30 grams effective January 17 2011. The price increases will help ensure that Canada Post’s costs in meeting its service obligations continue to be borne by people and businesses that use the postal service, rather than through taxpayer support, said the company.

“Rate increases are necessary to keep pace with inflation and direct operating costs, and to reinvest in network infrastructure to meet changing customer needs,” said Jacques Cote, COO at Canada Post. “We want to make sure that postage price increases are transparent and predictable for our customers.”