Tuesday, April 3, 2012

Canada Kills The Cent

Canada has announced they will no longer mint the 1 cent coin.   Starting this fall, Canada will begin removing the denomination from circulation.  The coin will still be accepted as legal tender.  Consumers paying with credit will still be able to make purchases in 1 cent increments, while cash purchases will eventually be rounded up or down to the nearest 5 cent increment.

No comments:

Post a Comment