Message:

<p>[QUOTE=&quot;Rassi, post: 26068953, member: 22149&quot;]When Canada eliminated their 1 cent coin, prices were rounded up or down to the closest multiple of five cents. For example, $1.02 would become $1.00, while $1.03 would become $1.05. Cash transactions are rounded to the nearest five cents, while electronic transactions remain precise.</p><p><br /></p><p>Canada stopped distributing pennies to banks and businesses, but they remained legal tender. This allowed for a gradual reduction in the number of pennies in circulation.</p><p><br /></p><p>Studies have shown that the removal of the penny in Canada has had no significant impact on inflation or consumer behavior.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in