Canada Post is rolling back plans for a 5-cent hike on domestic stamps, slated to go into effect in January, now that a Liberal government is in place.

The post office said stamps, which are regulated by the government, would stay at the current rate of 85 cents for a letter mailed within Canada, if bought in a booklet. It is $1 for a single stamp.

In announcing the move Wednesday, Canada Post said increases would not go ahead, pending a planned government review of Canada Post.

However, the crown corporation said rates for other services including parcels and direct mail will see “competitive rates changes” take in early 2016.

It estimates the average Canadian household buys two stamps a month, while the typical small business purchases fewer than 250 stamps a year.

In July, when the crown corporation said it was planning a raise the price of stamps including to the U.S. and overseas, Canada Post spokesman Jon Hamilton said the move was to help secure the future of the business amid a steep drop in mail volumes.

That decline prompted the post office to embark on a sweeping five-point action plan that included switching more than 5 million addresses receiving door-to-door home delivery to community mailboxes.

But the Liberals, who won a majority in the Oct. 19 federal election, campaigned on the promise to stop the conversions.

On the eve of Justin Trudeau being sworn in as prime minister, Canada Post suspended future installation of community mailboxes. That means only 460,000 addresses have been converted to date.

Read more about: