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Canada Post announces the end of home delivery

Lev13than (581686) writes | about 4 months ago

0

Lev13than (581686) writes "Canada Post is phasing out urban home delivery, raising the price of a letter to $1 and cutting 8,000 jobs to cope with dwindling volume and a projected loss of $1B/year by 2020. About 1/3 of Canadian homes currently get mail delivered to their door. Deliveries will remain weekdays-only and business will be unaffected (at least for now). Much like the USPS, Canada Post is mandated to be self-funded, but 5% annual volume declines and rising costs are taking their toll."

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