Just my 2 cents.....

[Trader]

From now on the opinions of our Canadian members is worth a lot more....in fact it is 2 1/2 times more valuable!

We will now give you our "nickel's worth"

 

As of yesterday ((Feb 4th) the Canadian mint will no longer be producing or distributing 1 cent coins. It will still be legal tender for awhile...but the penny will soon be completely out of circulation.

 

Cash sales will be rounded up or down to the nearest 5 cents, but electronic payments will still be the same.

[SilvrT]

So now we say "that's just my plugged nickel's worth"

[Sailor]

Don't take any wooden nickels.

[Panjandrum]

The understanding is that, with the disappearance of the penny, prices will be rounded up or down.

 

So henceforth, your 2 cents worth will be valued at nothing!

 

... but I always knew that!

[Black Owl]

The understanding is that, with the disappearance of the penny, prices will be rounded up or down.

 

So henceforth, your 2 cents worth will be valued at nothing!

 

... but I always knew that!

 

Ouch......

[dacheedah]

but how will you pay for 9/10 of a cent of gas???

[Yammer Dan]

Same as everything else is now. More than twice the price for the "Same Old Crap"!!! LOL.

Edited February 5, 2013 by Yammer Dan

[bongobobny]

Ya know, I've been advocating that we just move the decimal place over one and get on with life...

[SilvrT]

Finally now those danged things that are advertised as, for example, $49.99 will now be $50. If we're losing our penny, maybe they'll have to stop this STUPID .99 in pricing. I mean, who the heck do they think they're fooling anyhoo??

 

[MikeWa]

I love it. Rounded 'up or down'. Just who would be rounding their prices down?

 

Mike

[SilvrT]

I love it. Rounded 'up or down'. Just who would be rounding their prices down?

 

Mike

 

According to the "rules" set forth by the govn't on this, the retailer (or otherwise) must use normal rounding practise.

 

If it 1 or 2 cents, round down

 

If it's 3 or 4 cents, round up

 

I think I read somewhere that only about 22% of the time we would "lose" on this. So what's a few cents here and there anyhoo ... I'll just go grow me some more nickels

[kevin-vic-b.c.]

I guess I am a little late to step in and say..... a penny for your thoughts on this!

 

Don can we now get a Canadian Nickel to replace the 2 cents smiley please?

[Jayceesfolly]

So, now we have to do this when we put a smilie in our thread?