Canada Post is set to raise its rates across the board on January 16, 2012. This means that you’ll pay an additional 2 cents to send a letter, a birthday card or pay a bill.
Have you considered the actual financial impact of the 2 cent increase to our Canadian economy?
Let’s assume 10 million Canadians make a special trip to purchase 2 cent stamps taking an average of 30 minutes round trip. Let’s assume the average hourly value of their time is $22 per hour. In this projection, the cost/time value of 10 million Canadians buying 2 cent stamps is $112 millions dollars. WOW!