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| Version 1 | Version 2 |
|---|---|
| Canada Post to end home delivery in five years | Canada Post to end home delivery in five years |
| (about 5 hours later) | |
| Canada Post will phase out home delivery in urban areas over the next five years as the postal service struggles to rein in persistent losses. | Canada Post will phase out home delivery in urban areas over the next five years as the postal service struggles to rein in persistent losses. |
| Under a five-year plan released on Wednesday, the cost of stamps will also rise and as many as 8,000 jobs will be eliminated. | Under a five-year plan released on Wednesday, the cost of stamps will also rise and as many as 8,000 jobs will be eliminated. |
| But the agency says it will also open more retail locations across Canada. | But the agency says it will also open more retail locations across Canada. |
| The service faces a projected 1bn Canadian dollar ($943m; £576m) loss by 2020 without "fundamental changes". | The service faces a projected 1bn Canadian dollar ($943m; £576m) loss by 2020 without "fundamental changes". |
| Canada Post lost C$73m in the third quarter of the current fiscal year, CBC News reported. | Canada Post lost C$73m in the third quarter of the current fiscal year, CBC News reported. |
| "Canadians expect Canada Post to continue to remain financially self-sufficient and not look to their hard-earned tax dollars for funding," the postal service said. | |
| At the same time, "the rise in digital communications has dramatically changed the postal needs of Canadians". | At the same time, "the rise in digital communications has dramatically changed the postal needs of Canadians". |
| Direct to the home delivery will be replaced by community post boxes installed throughout residential areas, Canada Post said in its plan. | Direct to the home delivery will be replaced by community post boxes installed throughout residential areas, Canada Post said in its plan. |
| The agency said two-thirds of Canadians, mostly in newer suburban neighbourhoods and rural areas, already receive their mail through this method. | The agency said two-thirds of Canadians, mostly in newer suburban neighbourhoods and rural areas, already receive their mail through this method. |
| The cost of postage stamps purchased in bulk will rise to $0.85 per stamp, up from $0.63 today, among other price rises. | The cost of postage stamps purchased in bulk will rise to $0.85 per stamp, up from $0.63 today, among other price rises. |
| In all, the plan will return the agency to financial sustainability by 2019, Canada Post said in a report, citing annual savings of up to C$900m. | In all, the plan will return the agency to financial sustainability by 2019, Canada Post said in a report, citing annual savings of up to C$900m. |
| Between 6,000 and 8,000 jobs will be eliminated as part of the plan - 12% of Canada Post's employees, although it says its workforce is aging and it expects almost 15,000 workers will retire or leave the company in the next five years. | Between 6,000 and 8,000 jobs will be eliminated as part of the plan - 12% of Canada Post's employees, although it says its workforce is aging and it expects almost 15,000 workers will retire or leave the company in the next five years. |
| Canada Post delivers close to 10 billion letters and parcels each year but has seen a 24% drop in letters delivered since 2008. | Canada Post delivers close to 10 billion letters and parcels each year but has seen a 24% drop in letters delivered since 2008. |
| A labour group representing postal workers has scheduled an afternoon news conference. | A labour group representing postal workers has scheduled an afternoon news conference. |