Still trying to figure out the warped decision making in Ottawa on this one... I mean so it takes 1.6 Canadian cents to issue a penny, this is the rationale to cancel it entirely ? huh ?
Like they can't reissue a penny made of aluminum or even plastic ? Nope. Its copper or nothing. What kind of government operates with this thought process ? wait don't answer that :)
So now everything in the Great North is going to be priced in 5 cent increments ? Nothing is 99 cents anymore, how about your apps store. Nope its a buck. Small change you might say, but if and when they have to bump the price up it goes up by 5, not 1. I view it as essentially another consumption tax.
Further the Loonie is now divisible by 20, not 100. In a twisted way of thinking this makes the Canadian dollar closer to a quarter and actually not even that as it takes 20 coins to make a dollar now. Which now means that the 5 dollar bill is now divisible by 100. So I guess 5 bucks is now the new standard ?
The road to hell is paved with intention, good bad or otherwise
I see this as yet another confirming indicator that times be a-changing
Robert Zimmerman said it best