RIP, the Canadian penny.
by Ziks511 - 2/4/13 5:07 AM
They're not going to make any more, but there are still 60,000,000 in circulation. I don't know how long it will take for businesses to round everything up to a nickel.
When sales taxes were imposed some decades ago, retailers grabbed a significant extra profit, then when the sales tax was "Harmonized" about 4 years ago the same thing happened. Apparently it isn't only governments who take advantage of opportunities to grab extra money.