By next April, it will cost Canadians $1 to send a standard letter.
In case you were unaware, thatís a pretty significant increase from the 63 cents it will cost before that date.
The demand for mail has been declining, about four to five per cent a year, but itís strange to see a business increase costs without improving services.
In fact, itís going the complete opposite way with home delivery being phased out sometime in the next five years.
And if youíre trying to stock up on those permanent stamps that are valid forever, good luck trying to find them. Theyíve been suspended for the time being.
The most disappointing aspect to this whole mess is that thereís a market there. Canada Post is crucial to many small businesses and the volume of mail, especially with the number of parcels sent as a result of online shopping on the increase.
But like so many government-run enterprises, Canada Post just isnít run in an efficient manner. I feel for the mail carriers and the thousands of others who will get squeezed out of jobs with all of the cuts, but you only really need to look at the organizationís management page to see where it could be so easy to trim some of the fat.
Canada Post employs 12 different vice-presidents, seven different senior vice-presidents, two group presidents and a president/CEO. Iím sure all 22 of these individuals make healthy salaries off of our dime and itís unlikely they will be impacted by the cuts.
There is so much potential to innovate with Canada Post, but a lack of competition and a bottom-line attitude means we will get poorer service at a higher cost. At this stage of the game, privatization is necessary and we only have to look at Europe to see what competition can do for mail services.
Countries like Germany, Belgium, Holland and Austria have privatized and thrived. Canada Post still has the exclusive privilege that forbids any other service provider from entering into mail delivery by ensuring that competitors must pay three times the price of a first-class stamp.
Itís time to get rid of that and allow some competition because we canít get much worse than what weíre receiving right now.
Instead of several companies battling it out for your dollar, weíre stuck with a plodding crown corporation that refuses to change with the times.
Snail mail isnít dead ó just ask your grandma ó but mismanagement at all levels by Canada Post has it walking on its last legs.