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Canada Communications Government The Almighty Buck

Canada Post Announces the End of Urban Home Delivery 226

Posted by Soulskill
from the nobody-wants-junk-mail,-eh dept.
Lev13than 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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Canada Post Announces the End of Urban Home Delivery

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