Rate increases are needed to ensure that we can continue to meet our service obligations to Canadians and address our financial pressures so that they do not become a burden on taxpayers.
Rate increases also allow us to address 3 specific challenges:
- The growing number of addresses we serve. Each year, approximately 200,000 new addresses are added to our network.
- The rising costs of doing business as a result of inflation and other cost pressures.
- The urgent need to maintain and replace outdated equipment to ensure continued high levels of service.