Today is the last day of the Canadian penny
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02-06-2013, 02:53 AM
Join Date: Aug 2005
Originally Posted by
No Fun Shogun
Sure they can. Something costs $3.58? Now it costs $3.60. $10.51? $10.55.
They just do that for every single product. With taxes, it'd merely mean that the final price of everything you purchase might, by law, get rounded to the nearest nickle up or down, but the cost of everything could easily be just pushed up. Net gain all around. Especially if you go grocery shopping, could easily be talking about another .50 to dollar to your bill.
Not like it's going to break the bank, but neither is keeping the penny. And, as I said, I wouldn't be surprised if the cost to consumers well outweighs the money saved on removing the penny.
It'd be the final bill that is rounded up or down, not each individual item.
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