Tuesday 5 February 2013

No more Canadian Penny

 
Canadian penny is on the way to disappear since Canadian mint started to stop distributing them to business  or financial institutions Feb 4.  When you travel inside Canada in future, you will experience like this:

If your change is

 $1.01 or 1.02, you’ll get back $1 

 $1.06 or 1.07, you’ll get back $1.05

$ 1.03 or 1.04, you’ll get back $1.05

$1.08 or 1.09, you’ll get back $1.10

Most of business has been still handling penny, the others like Tim Horton (Canadian Donuts retail) completely stopped giving penny back however they takes it.  It will take a long transformation time to disappear penny in daily life.   

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