Canada: Penny Rounding

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Some recent policy from our neighbors to the North came into effect at the beginning of February where the rounding of cash transactions moves to the nearest nickel as part of Canada’s Economic Action Plan 2012.

It appears that the cost of penny production over the actual worth has finally taken root. Other factors like the environmental benefits of and the cost of transacting have also played a role in the demise of Canada’s smallest denomination. While this policy strictly affects ...

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