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-   Vancouver Off-Topic / Current Events (https://www.revscene.net/forums/vancouver-off-topic-current-events_50/)
-   -   Canada Stops Making Cents as Flaherty Lets Penny Drop (https://www.revscene.net/forums/667538-canada-stops-making-cents-flaherty-lets-penny-drop.html)

BrRsn 05-07-2012 11:02 AM
Quote:
Originally Posted by Manic! (Post 7911497)
And when the network goes down?
Canada News: Satellite woes cut off Canada
This affected a lot of gas stations in western Canada. Also how would you pay the babysitter?
duh, trident layers!

Nightwalker 05-07-2012 05:48 PM
Quote:
The penny, with two maple leaves on one side and a portrait of Queen Elizabeth II on the other, has lost 95 percent of its purchasing power since it was first produced by the mint.
This is the most significant piece of information.

:rukidding:

Ronin 05-07-2012 06:17 PM
Quote:
Originally Posted by Manic! (Post 7911497)
And when the network goes down?
Canada News: Satellite woes cut off Canada
This affected a lot of gas stations in western Canada. Also how would you pay the babysitter?
I understand the problems it would present our current society. I'm not saying it should happen tomorrow. I'm just saying there are benefits and that should be the direction we're going.

There's these little devices that let you pay by credit card via swiping it through you phone. Lots of Asian countries have RFID (or something) tags in their mobile phones to pay for things...like that PayPass thing you see at gas stations. Give your babysitter's phone a fist bump...ding...payment received.

AzNightmare 05-11-2012 03:32 AM
Quote:
Originally Posted by tiger_handheld (Post 7910732)
will the new term be "my .05 cents" now?
Well, should be no cents or zero cents now.
$0.02 is rounded down to $0.00 now.

SkinnyPupp 05-11-2012 03:59 AM
Quote:
Originally Posted by bballguy (Post 7909631)
Sauce: Canada Stops Making Cents as Flaherty Lets Penny Drop - Bloomberg

Nickel for your thoughts?:fullofwin:
Sorry I had to fail you for the headline of this article... Someone needed to receive it, and you posted it so... Sorry! I thanked you to balance it out :)

RicePanda 05-11-2012 07:26 AM
Quote:
Originally Posted by Mercy (Post 7910238)
what happens if my change is $3.12 .... what happens with the 2 cents owed to me?
Ideally the prices would change such that they will always end up at a multiple of .05 to make things easier for everyone. If you really are worried about losing up to 4 pennies on a purchase due to a lack of pennies lying around (cause they'll still be usable, just not being made anymore), use a debit/credit card.


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