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Today is the last day of the Canadian penny

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Old
02-04-2013, 06:52 PM
  #26
seafoam
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I've used Canadian pennies in the US.

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Old
02-04-2013, 06:58 PM
  #27
awesomo
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RIP not

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Old
02-04-2013, 07:00 PM
  #28
Bruv
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RIP penny

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Old
02-04-2013, 09:30 PM
  #29
ChiGuySez
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Old
02-04-2013, 09:37 PM
  #30
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Next comes the nickel. Damn quarter imposter.

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Old
02-04-2013, 09:40 PM
  #31
Concordski
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Quote:
Originally Posted by Slim Charles View Post
Would you support bringing back the half-cent piece so merchants stop rounding up?
Strawman, they aren't going to change prices if we just brought back the Half-Penny. Also, rounding up to the nearest nickel is entirely different to rounding up to the nearest cent.

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Old
02-04-2013, 09:45 PM
  #32
Christmas Izzy
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I even heard that the nickel might be gone soon as well.

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Old
02-04-2013, 09:50 PM
  #33
awesomo
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nickel dime and penny must go


revolution!!!

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Old
02-04-2013, 09:55 PM
  #34
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Old
02-05-2013, 10:34 AM
  #35
markrander87
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Now that they've eliminated the penny hopefully everybody will stop giving me their 2 cents.

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Old
02-05-2013, 10:46 AM
  #36
CanadianHockey
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RIP penny.

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Old
02-05-2013, 11:35 AM
  #37
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Rip penny

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Old
02-05-2013, 11:37 AM
  #38
markrander87
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But can I still give my 2 cents??

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Old
02-05-2013, 11:54 AM
  #39
Zaide
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I already miss you, Penny.

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02-05-2013, 12:06 PM
  #40
kingsholygrail
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Eventually, everything will just be on a debit card.

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Old
02-05-2013, 01:16 PM
  #41
Penguins23
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This doesn't affect me whatsoever. The only time I carry cash is when I'm at a bar, casino or hockey game. None of them ever dealt in pennies anyways.

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02-05-2013, 01:26 PM
  #42
Modo
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Good riddance.

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Old
02-05-2013, 01:58 PM
  #43
NeedleInTheHay
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Old
02-05-2013, 02:36 PM
  #44
Janks
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Now what will I do with my 2 dollar bills and pennies!?!?!

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Old
02-05-2013, 06:18 PM
  #45
MrFunnyWobbl
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lirl


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Old
02-05-2013, 07:14 PM
  #46
Gibsons Finest
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Originally Posted by No Fun Shogun View Post
Yeah, I'll believe that when I see it. Stores will just change the price of everything except stuff that falls on exactly .00. Things that are .01, .02, .03, and .04 will all be rounded up to .05. It's not like companies are, as a whole, going to just say, "Sure, let's just take a tiny loss here and make up for it with a tiny gain here." They'll just take a tiny gain everywhere.

Main reason why I'm against getting rid of the American penny, actually. Sure, it costs more to make then its worth, but we're still talking about a comparatively tiny amount when put next to the overall federal budget and, dollars to rounded up nickles, I'd bet that the combined cost on consumers for everything they buy being rounded up, even if only by a cent or two each, will in the long-run end up increasing the cost of goods and services by more than the net loss of making pennies ever was.
Problem with your theory is, it doesn't exactly work like that. They can't just raise the price on a certain good and get it so it's in the round up column, different combinations will always add up different, and then you factor in taxes. Stores might increase the prices a bit to try and make up for any potential loss, but prices do go up(and it wouldn't be substantial) and there's not much else they can do otherwise.

Plus, obviously, this doesn't affect debit purchases whatsoever, which I would imagine are the majority now. All in all, this is probably pretty likely a non-factor.

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Old
02-05-2013, 07:28 PM
  #47
Thricecube
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Originally Posted by rfournier103 View Post
Like ANYONE is going to round down...
I've been to three stores to pay with cash for that reason. So far, Loblaws has rounded down, but Costco and Tim Hortons have rounded up.

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Old
02-05-2013, 08:17 PM
  #48
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Quote:
Originally Posted by Thricecube View Post
I've been to three stores to pay with cash for that reason. So far, Loblaws has rounded down, but Costco and Tim Hortons have rounded up.
At Tim Hortons this morning. Suppose to get 17.04 in change, got $17 instead. The clerks are too stupid to figure out the round up/down.

Why do stores set prices like this for anyways? They know the tax rate so set your pre tax price so it works out to a flat amount.

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Old
02-05-2013, 08:53 PM
  #49
JustGivingEr
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Originally Posted by kingsholygrail View Post
Eventually, everything will just be on a debit card.
Straight cash homie

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Old
02-05-2013, 10:23 PM
  #50
Saving Greiss
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I can now go to department stores and not have to agonize over senior citizens using them.

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