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Date: 04/02/12 01:00 PM

47 Responses to Canada Kills Their Penny

  1. Profile photo of akabane
    akabane Male 18-29
    1093 posts
    April 2, 2012 at 9:13 am
    Link: Canada Kills Their Penny - Good job Canada. Hopefully the US will follow.
  2. Profile photo of Fatninja01
    Fatninja01 Male 30-39
    25408 posts
    April 2, 2012 at 1:11 pm
    Australia killed the 1cent and 2cent coins.
  3. Profile photo of mervviscious
    mervviscious Male 40-49
    1794 posts
    April 2, 2012 at 1:17 pm
    we follow no one.... or everyone...
  4. Profile photo of piperfawn
    piperfawn Male 30-39
    4888 posts
    April 2, 2012 at 1:18 pm
    Canada ftw!
  5. Profile photo of patchgrabber
    patchgrabber Male 30-39
    5812 posts
    April 2, 2012 at 1:27 pm
    It costs more to make than it`s worth. About time, imo.
  6. Profile photo of spanerbulb
    spanerbulb Male 30-39
    1244 posts
    April 2, 2012 at 1:28 pm
    Good idea, hope the UK follow
  7. Profile photo of LordJim
    LordJim Male 60-69
    6665 posts
    April 2, 2012 at 1:45 pm
    Bring back the farthing.
  8. Profile photo of msieg007
    msieg007 Male 18-29
    2035 posts
    April 2, 2012 at 2:07 pm
    Bring back the barter system.
  9. Profile photo of JustDani
    JustDani Female 18-29
    409 posts
    April 2, 2012 at 2:16 pm
    GO CANADA! God, I wanna live there.
  10. Profile photo of Angilion
    Angilion Male 40-49
    12390 posts
    April 2, 2012 at 2:23 pm
    Bring back the farthing.

    1p today is worth much less than a farthing was when it was withdrawn from use, so there`s even more reason to withdraw the penny now than there was to withdraw the farthing then.

    It`s only really used to try to pretend stuff is cheaper than it is, e.g. £9.99 instead of £10.

    I`d withdraw the penny and shrink the 2p. I`d also look at making them from whatever is cheapest and hard-wearing enough.
  11. Profile photo of korahn
    korahn Male 30-39
    1249 posts
    April 2, 2012 at 2:24 pm
    If you`re buying a coffee and timbits you can`t use Interac. Tim Hortons doesn`t take debit (at least in Atlantic Canada)
  12. Profile photo of SethDog
    SethDog Male 18-29
    768 posts
    April 2, 2012 at 2:38 pm
    Yeah we killed 1c and 2c ages ago.. We also killed 5c coins a few years ago too.
  13. Profile photo of uatme
    uatme Male 18-29
    1068 posts
    April 2, 2012 at 2:44 pm
    if only they would have scrapped the nickel and dime too..
  14. Profile photo of Crabes
    Crabes Male 30-39
    1285 posts
    April 2, 2012 at 2:45 pm
    @korahn Tim Hortons is using interac,come back to reality please
  15. Profile photo of Squidbush
    Squidbush Male 40-49
    716 posts
    April 2, 2012 at 2:46 pm
    The penny isn`t the problem.
    The place our governments get them is the problem.
    The value of our worthless money is the problem.
    Disingenuous pricing is the problem.

    Eliminating the penny is the same as giving someone with brain cancer an Aspirin because their head hurts.
  16. Profile photo of thosbeama74
    thosbeama74 Male 30-39
    17 posts
    April 2, 2012 at 2:57 pm
    Well Canadians have no problem throwing their money away.. They surrender half their pay check to the government.
  17. Profile photo of YANKmyDOODLE
    YANKmyDOODLE Male 30-39
    771 posts
    April 2, 2012 at 3:09 pm
    burn all the monies!
  18. Profile photo of InTheNameOf
    InTheNameOf Male 30-39
    335 posts
    April 2, 2012 at 3:17 pm
    "Well Canadians have no problem throwing their money away.. They surrender half their pay check to the government."

    I do too....and I live in amerika.

    Kill the penny.
  19. Profile photo of Willowwatch
    Willowwatch Female 30-39
    734 posts
    April 2, 2012 at 3:23 pm
    sell your scrap copper now, the price is about to bottom out
  20. Profile photo of vegascartman
    vegascartman Male 30-39
    735 posts
    April 2, 2012 at 3:24 pm
    Notice how all the proponents of penny elimination come from countries who are not major players in the global economy. What works for their economy simply is not logical that it would work for others.

    Removing a penny from the economy will, in time, create inflation. When the Nickel becomes the lowest monetary unit, what used to cost a penny now will cost a nickel. This doesn`t sound like much but once you start adding up all those pennies, you`re talking about a pretty massive impact.
  21. Profile photo of 5Cats
    5Cats Male 50-59
    31789 posts
    April 2, 2012 at 3:39 pm
    Hooray for Canada!
    No more pennies!
    We`re making our bill money out of plastic now!!!

    Oh heck.

    @vegascartman: WHAT exactly can one buy for "a penny" these days? Aside from YO MAMA!
  22. Profile photo of ExtraCredit
    ExtraCredit Male 50-59
    451 posts
    April 2, 2012 at 3:49 pm
    I`m ecstatic. Canadian pennies have always been 10 times more irritating than their US counterparts. My sock drawer is lined with accursed Canadian pennies, and I`ve never even been there.
  23. Profile photo of mon360
    mon360 Male 13-17
    735 posts
    April 2, 2012 at 4:39 pm
    noo! i collect pennies! actually it would make them more valuable...okay, fluck `em
  24. Profile photo of Dead-Kittens
    Dead-Kittens Male 30-39
    1038 posts
    April 2, 2012 at 4:58 pm
    AS A CANADIAN I AM OUTRAGED! now what ami going to throw at people?:\ Nickels? (I once hit David Suzuki in the back with one ^^ )
  25. Profile photo of Gerry1of1
    Gerry1of1 Male 50-59
    36212 posts
    April 2, 2012 at 5:01 pm

    Good!

    I am so sick of stores slipping in that fake canada money into my change. Then at the next store I go to they won`t take it. Damnit!
  26. Profile photo of 5Cats
    5Cats Male 50-59
    31789 posts
    April 2, 2012 at 5:14 pm
    OMG! You are my new hero @Dead-Kittens! Suzuki SO deserves being hit with pennies, pompus *sswipe that he is...
  27. Profile photo of DeanoBoz
    DeanoBoz Male 40-49
    195 posts
    April 2, 2012 at 6:47 pm
    Why am I learning this here? I need to watch more news, less hockey.
  28. Profile photo of blobby5
    blobby5 Male 30-39
    144 posts
    April 2, 2012 at 7:06 pm
    I throw all my pennies in the trash. I get funny looks, but I save ~30 seconds a day that I would otherwise spend rooting through my pockets trying to find non-pennies.
  29. Profile photo of TKD_Master
    TKD_Master Male 18-29
    4794 posts
    April 2, 2012 at 7:42 pm
    "I throw all my pennies in the trash."

    Me too, unless there is something particularly special about it.
  30. Profile photo of Angilion
    Angilion Male 40-49
    12390 posts
    April 2, 2012 at 8:37 pm
    When the Nickel becomes the lowest monetary unit, what used to cost a penny now will cost a nickel.

    What can you buy for 1 cent in the USA? Anything?

    Your argument only applies to items bought singly. Say, for example, company X buys 1000 widgets a month for some reason. The widgets cost 1c each. Or 11c, or 37c. It`s irrelevant because (a) it`s only the total cost that matters and (b) they won`t be paying in cash anyway.

    What you might get is inflation of prices at retail from x.99 to (x+1), e.g. $3.99 to $4. That doesn`t matter because prices are already adjusted for profits anyway. You`ll just get some items at x.95 instead.
  31. Profile photo of Angilion
    Angilion Male 40-49
    12390 posts
    April 2, 2012 at 8:45 pm
    I throw all my pennies in the trash. I get funny looks, but I save ~30 seconds a day that I would otherwise spend rooting through my pockets trying to find non-pennies.

    I have a few old sweet jars at home. I drop 1p, 2p, 5p and 10p coins in them when I get home, so I never have many in my pockets. Every now and then I empty them out and swap them for larger denominations.

    All those small coins add up over time. Add up into toys, basically. The monitor I`m looking at now was almost entirely paid for from my sweet jars of trivial coins, as was the external drive I back up to. The next batch will probably be a new graphics card. Or, more likely, about half of one as I`ll probably buy a more powerful one than I need, add some third-party cooling and overclock it for more power, just because.
  32. Profile photo of patchgrabber
    patchgrabber Male 30-39
    5812 posts
    April 2, 2012 at 9:01 pm
    It`s not rocket-science, it`s simple inflation. The US had the half-penny or half-cent, but it was discontinued when the price of things became too large to make that denomination of money useful.
  33. Profile photo of lukeforv123
    lukeforv123 Male 18-29
    1053 posts
    April 2, 2012 at 9:16 pm
    Wow Canada, you`re so progressive. If anything America will keep their pennies just to spite you.
  34. Profile photo of BluishOrange
    BluishOrange Female 50-59
    87 posts
    April 2, 2012 at 10:26 pm
    Um, excuse me. I have no problem with losing the penny, but Canada is not `progressive". Anyone who still thinks so is not reading the news. We`re living in a corporate fascist state, and abolishing the penny is the only innocuous thing Stephen Harper has ever done. Wait! Delete that. I meant to say, "the most wonderful thing Our Glorious Leader has ever done".
  35. Profile photo of intrigid
    intrigid Male 18-29
    914 posts
    April 3, 2012 at 12:24 am
    "Um, excuse me. I have no problem with losing the penny, but Canada is not `progressive". Anyone who still thinks so is not reading the news."

    Our most right-wing party refuses to oppose abortion or same-sex marriage. To me, that`s pretty progressive.

    I still agree with most right-wing economic policies, though.
  36. Profile photo of Swaywithme
    Swaywithme Female 18-29
    3696 posts
    April 3, 2012 at 12:44 am
    This should be mandatory for all Canadians to watch, translated into every damn language they might speak because regardless of how amazingly simple and COMPLETELY NOT ORIGINAL (Kudos Aussies and Kiwis in general) this is, I`m still going to hear cheap basterds boo and hiss because `all your prices went up because of PENNIES"`

    @Gerry
    I don`t understand that! :( Every store I`ve ever worked at has accepted American change as interchangeable and hell, we take American cash, we convert it at the till...but every time I`ve been in the states, they won`t even take like a quarter. America? y u no nice to Canadians like Canadians is nice to u? :(
  37. Profile photo of spacemermaid
    spacemermaid Female 18-29
    84 posts
    April 3, 2012 at 1:34 am
    Let`s just get rid of all money and go back to trading goats.
  38. Profile photo of Mister_C
    Mister_C Male 18-29
    663 posts
    April 3, 2012 at 4:56 am
    So all Canadian stores no longer have things at 0.99 or 2.99 etc?
  39. Profile photo of BluishOrange
    BluishOrange Female 50-59
    87 posts
    April 3, 2012 at 5:12 am
    Yes, that was their position before they were elected. Just wait around a while, Intrigrid. http://rabble.ca/blogs/bloggers/mercedes-allen/2012/03/parliament-debate-abortion-april
  40. Profile photo of Psimon
    Psimon Male 40-49
    69 posts
    April 3, 2012 at 5:21 am
    @Mister_C Seems you didn`t watch the video. First off the penny isn`t gone just yet, that`s coming. Also, yes there will still be items at $2.99. Cents still exist on paper there will just be no coin to represent it. And only the total is rounded and only if you pay in cash.
  41. Profile photo of Psimon
    Psimon Male 40-49
    69 posts
    April 3, 2012 at 5:27 am
    I`m Canadian, totally anti-penny and I think it`s great we`re getting rid of it but the idea that the country loses money making the penny is as solid as the idea that we create money when we print $100 bills. The cost of making the coin and it`s face value are separate things. I agree producing the penny is a waste of money but not by that logic.
  42. Profile photo of patchgrabber
    patchgrabber Male 30-39
    5812 posts
    April 3, 2012 at 6:55 am
    The cost of making the coin and it`s face value are separate things.
    Correct. One is more than the other, but whereas with the $100 bill, the cost is going in the wrong direction. It was a good move by the tories, but not surprising that they announce it in the budget to draw attention away from their cuts, or their war on science and especially the environment. Also funny how the Elections Canada Chief was to come and give his report to the government during the announcement of the budget...
  43. Profile photo of jbwhite
    jbwhite Male 18-29
    1292 posts
    April 3, 2012 at 11:24 am
    @Mister_C

    Did you not watch the video? You drattard.
  44. Profile photo of mcboozerilla
    mcboozerilla Male 30-39
    646 posts
    April 3, 2012 at 11:34 am
    I`m glad somebody is spending so much time and energy on such an important issue....
  45. Profile photo of Mister_C
    Mister_C Male 18-29
    663 posts
    April 3, 2012 at 12:52 pm
    No I didn`t watch it. I thought it was a video that would tell me what I know, ie they`re dumping the penny. Meh, I`m not that interested to be honest.
  46. Profile photo of thecurt
    thecurt Male 18-29
    411 posts
    April 3, 2012 at 9:19 pm
    GG Canada
  47. Profile photo of comp_wizard
    comp_wizard Male 18-29
    194 posts
    April 4, 2012 at 7:25 pm
    Even if Americans don`t follow Canada`s fine example, it`ll make our lives easier because we`ll stop getting the worthless Canadian pennies that end up in our change because nobody bothers to check whether they`re actually legal tender.

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