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OTTAWA — Canada Post is ending door-to-door delivery in urban areas and boosting the cost of stamps in a bid to halt a skid into financial ruin,the Crown corporation announced Wednesday.

The move from door-to-door delivery to community mailboxes will be rolled out over the next five years, starting in the second half of 2014, and affect about one-third of Canadian households. The change will not affect rural households.

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Canada Post said it is also planning to scale down its labour force by between 6,000 and 8,000 people, though it maintains it can do so through attrition as about 15,000 employees are scheduled to retire in the coming years.

NDP Caucus Leader Peter Julian warned Canadians will “be profoundly concerned” by service losses brought about by the new plan.