Friday, April 18th7.6°C
19345
20709

Raitt defends Canada Post's decision to phase out urban mail delivery

OTTAWA - Transport Minister Lisa Raitt is defending Canada Post's decision to phase out urban mail delivery over the next five years while hiking the price of stamps.

Raitt, the minister responsible for the Crown corporation, says Canadians are sending less mail than ever, leaving Canada Post with some tough financial decisions in order to combat a steep decline in revenues.

She says a typical Canadian household buys only one to two dozen stamps a year, and mail volumes continue to plummet, having fallen nearly 25 per cent per household since 2008.

Raitt says the Conservative government supports Canada Post's efforts to become self-sustaining "in order to protect taxpayers."

She adds she is looking forward to "seeing progress" as Canada Post rolls out its cost-cutting plans.

The Canadian Press


Read more Business News

21522


Recent Trending




Today's Market
S&P TSX14500.39+53.87
S&P CDNX998.770.80
DJIA16408.54-16.31
Nasdaq4095.516+9.291
S&P 5001864.85+2.54
CDN Dollar0.9086+0.0002
Gold1293.80-9.2999
Oil104.59+0.83
Lumber326.10-2.70
Natural Gas4.735+0.205

 
Okanagan Companies
Pacific Safety0.115+0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.29+0.07
Cantex0.055+0.01
Anavex Life Sciences0.3750.00
Metalex Ventures0.08+0.005
Russel Metals30.66+0.11
Copper Mountain Mining2.35-0.07
Colorado Resources0.255-0.01
ReliaBrand Inc0.12-0.01
Sunrise Resources Ltd0.025-0.005
Mission Ready Services0.25+0.02

 
19691


17772

FEATURED Property
18779531733 Vineyard Drive
4 bedrooms 3 baths
$699,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Time spent prospecting

How much time should you put into prospecting? The question is a bit of a puzzle. Ideally, there would be a reference book that lists, by industry, how much time you should invest in prospecting acti...


Valuation fears grip markets

The Big Picture Valuation fears grip markets Growing concerns about the level of stock market valuations sparked a risk-off trade in global markets this week. Investors are worried that many companies...


Quick and nimble

Photo: ContributedFor many businesses this has been a tremendously difficult time since the 2008 crisis. Business fell off. Sales techniques that always worked, well… stopped working. Customers...

_



21637

21604


Member of BC Press Council


21202