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What happened with the Canadian Cents after 2012?
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<p>[QUOTE="Conder101, post: 7850367, member: 66"]The problem is people expect exact change and as long as cents are available they will continue to be used and manufactured by the billions at a loss. If the cents were discontinued businesses WOULD very quickly start rounding to the nearest 5 cents after sales tax was applied (electronic registers already have the software to do this automatically), the registers would display that rounded figure and the customers would be happy because they would still be getting "exact" change.</p><p><br /></p><p>So stores can't decide to go to rounding on their own while the cent is available because they aren't organized/coordinated. But if the cent were discontinued it would occur with all stores very quickly simply because very quickly they would not be able to get cents at the bank.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 7850367, member: 66"]The problem is people expect exact change and as long as cents are available they will continue to be used and manufactured by the billions at a loss. If the cents were discontinued businesses WOULD very quickly start rounding to the nearest 5 cents after sales tax was applied (electronic registers already have the software to do this automatically), the registers would display that rounded figure and the customers would be happy because they would still be getting "exact" change. So stores can't decide to go to rounding on their own while the cent is available because they aren't organized/coordinated. But if the cent were discontinued it would occur with all stores very quickly simply because very quickly they would not be able to get cents at the bank.[/QUOTE]
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