... i find the move to be tremendously worrisome ...
... it seems to me that the canadian government is actually bound by a lawful obligation to supply pennies to the canadian financial markets and has violated the law by discontinuing it ...
... any thoughts?
Last I heard, it costs more to make a penny than the penny's actual worth...... and when that happens, where's the logic in continuing to make them?
Especially since nobody ever really used them.
If I remember correctly, there might have been 2-3 times in my life where I actually dug around to look for a couple of pennies when paying for something, where most times I'd just give them a dime or nickel & let them sort out the change.
... i hope you're not right about that ...
... i try to stay as far away from banks as possible and pay as much with cash as i can so i find it disturbing to hear that the government is creating obstacles for people paying with cash ...
They haven't had the 1 cent (and the 2 cent piece) here in Australia for quite some time now..... nobody misses either and nobody gives a damn.
If something is $9.97, or $10.02.... they round it to the nearest 5 cents. If you're worried you're going to get continually ripped off of 2-3 cents, I dunno, life can't be that hard for you..... and if one thing rounds up by making you pay an extra 2-3 cents, the next thing you buy will most likely safe you 2-3 cents, so it all balances out in the long run.
