Straight Talk
Canada Post proposes postage rate changes for 2010
Canada Post has advised that effective Jan. 11, 2010, changes to basic postage rates have been proposed (subject to regulatory approval), which include:
|
Postage type |
Rate on Jan. 11, 2010 (CAD) |
Current rate (CAD) |
|
Domestic Lettermail (up to 30 grams) |
$0.57 |
$0.54 |
|
U.S. Lettermail (up to 30 grams) |
$1.00 |
$0.98 |
|
International Lettermail (up to 30 grams) |
$1.70 |
$1.65 |
According to Canada Post, these proposed rate increases reflect a multi-year initiative to ensure the corporation can continue to meet its service obligations, provide customers with the assurance of transparent and predictable rates, and address financial pressures arising from declining mail volumes. Canada Post explicitly states that the corporation will apply a further two cent increase in the domestic letter rate for each year, beginning in 2011 to 2014.
In addition, Canada Post has announced new weight bands for all Lettermail packages between 200 and 500 grams (typically the sorts of packages required for annual meetings and corporate actions). Whereas previously all packages between these weights were priced identically at C$2.75, Canada Post will be introducing weight banded rates as follows:
-
For 200 to 300 grams: mailing rate will remain at C$2.75
-
For 300 to 400 grams: mailing rate will increase to C$3.00
-
For 400 to 500 grams: mailing rate will increase to C$3.25
CIBC Mellon has many electronic mailing options available to help assist you in managing your shareholder communication and related postal costs. Contact your relationship manager to learn more on how CIBC Mellon can help.
* * *
Straight Talk is provided for general information purposes only and CIBC Mellon Trust Company, CIBC Mellon Global Securities Services Company, CIBC, The Bank of New York Mellon Corporation and their affiliates make no representations or warranties as to its accuracy or completeness. Readers should be aware the content of this publication should not be regarded as legal, accounting, investment, financial or other professional advice nor is it intended for such use.