Canada’s penny heads into retirement
"As of Feb. 4, the Canadian penny will no longer be distributed. All cash transactions will be rounded up or down to the nearest five-cent increment."
Read more: http://www.theprovince.com/Canada+pe...xzz2JuG5M EHI
--------------------
What do you think? Personally, it was my hobby to collect pennies (collected over 2000 pennies) Bye-bye penny!
Ponyo
says thanks to jim1 for this post.
|
Published by |
|
Elite Member
Join Date: May 2011
Posts: 1,088
|
|
Article Tools |
|
|
|
|
|
|
|
|
02-04-2013 at 02:53 AM
|
#2
|
Professional Fangirl
Real name: v
Faculty: Science
Year: Alumni
Join Date: Jul 2010
Posts: 1,167
Thanked:
135 Times
Liked:
453 Times
|
I guess now it really will be lucky if you find a penny on the ground
and I suppose this means no more prices ending in .99!
|
|
|
02-04-2013 at 07:18 AM
|
#3
|
Elite Member
Real name: Star
Year: Alumni
Join Date: Aug 2012
Posts: 3,062
Thanked:
505 Times
Liked:
580 Times
|
Quote:
Originally Posted by ooburii
I guess now it really will be lucky if you find a penny on the ground
and I suppose this means no more prices ending in .99!
|
I actually saw an article entirely about what will happen to prices ending in .99, and apparently in countries where they already got rid of the penny they still have those prices, so people aren't really anticipating huge changes.
|
|
|
02-04-2013 at 07:12 PM
|
#4
|
M.I.'s most trolled
Real name: Monica
Program: Psychology & English
Year: Fourth
Residence: SOCS!
Join Date: Jul 2009
Posts: 1,213
Thanked:
70 Times
Liked:
325 Times
|
yeah all that .99 stuff will stay the same, Im pretty sure.
Debit/credit transactions will be the same (so if your total is $10.91, you will pay that much) but if you pay in CASH it will be rounded up/down.
If you want to give/pay in pennies, you can, but the cashiers can't/won't give you pennies back.
Source- I'm a cashier
__________________
IV Honours Psychology & English
SAS Notetaker/MoMac Writing Clinic SSL
|
|
|
02-04-2013 at 07:58 PM
|
#5
|
Moderator
Real name: Kenneth
Program: Chemical Engineering
Year: Fourth
Join Date: Jul 2010
Posts: 2,998
Thanked:
277 Times
Liked:
526 Times
|
Ppl better be rounding down.
|
|
|
02-04-2013 at 08:04 PM
|
#6
|
M.I.'s most trolled
Real name: Monica
Program: Psychology & English
Year: Fourth
Residence: SOCS!
Join Date: Jul 2009
Posts: 1,213
Thanked:
70 Times
Liked:
325 Times
|
Quote:
Originally Posted by Leeoku
Ppl better be rounding down.
|
$1.01, $1.02 = round down to $1
$1.06, $1.07 = round down to $1.05
$1.03, $1.04 = round up to $1.05
$1.08, $1.09 = round up to $1.10
__________________
IV Honours Psychology & English
SAS Notetaker/MoMac Writing Clinic SSL
|
|
|
02-04-2013 at 08:07 PM
|
#7
|
Elite Member
Real name: Star
Year: Alumni
Join Date: Aug 2012
Posts: 3,062
Thanked:
505 Times
Liked:
580 Times
|
Apparently some stores are using this as a PR thing, and saying they will always round down
|
|
|
02-04-2013 at 08:44 PM
|
#8
|
Trollin Ain't Easy
Real name: JV
Year: Fourth
Residence: SOCS
Join Date: Jun 2010
Posts: 528
Thanked:
89 Times
Liked:
115 Times
|
so wait, no more ass pennies?
|
|
|
02-04-2013 at 10:34 PM
|
#9
|
Senior Member
Real name: myusernameissocool
Year: Second
Join Date: May 2012
Posts: 321
Thanked:
30 Times
Liked:
278 Times
|
that's all i had in my wallet ...
|
|
|
Article Tools |
Search this Article |
|
|
Posting Rules
|
You may not post new articles
You may not post comments
You may not post attachments
You may not edit your posts
HTML code is On
|
|
|
McMaster University News and Information, Student-run Community, with topics ranging from Student Life, Advice, News, Events, and General Help.
Notice: The views and opinions expressed in this page are strictly those of the student(s) who authored the content. The contents of this page have not been reviewed or approved by McMaster University or the MSU (McMaster Students Union). Being a student-run community, all articles and discussion posts on MacInsiders are unofficial and it is therefore always recommended that you visit the official McMaster website for the most accurate up-to-date information.
|