Our thoughts are now free: no more pennies

canadian-penny“Penny for your thoughts?”

Rounded down, our thoughts are now free, so Canada is a country of free thinkers for certain.

For the non-Canadians in my audience, Canada discontinued distribution of the penny, a coin that cost more to make than it was worth, so retailers now round cash transactions up or down to the nearest five cents. An item that costs $1.01 or $1.02 costs $1.00, while an item of $1.03 or $1.04 costs $1.05. (Electronic transactions remain calculated to the penny.)

This affects Canadians at their heart centre—our famous Tim Horton’s doughnuts franchise. Tim Horton’s made a practice of pricing their food items out to the most inconvenient total possible. I don’t have scientific proof to back this up, but I suspect Tim Horton’s franchises kept more pennies rolling than any other business in this country. But now—the mind boggles—a coffee could be $1.50, not $1.51. Oh, praises be!

And rounded down, our thoughts are now free, so choose good ones and share them freely.


About Arlene Somerton Smith

Writer, laughing thinker, miner of inspirational insights, sports fan, and community volunteer

Posted on February 5, 2013, in Inspiration, Living life to the fullest and tagged , , , , , , . Bookmark the permalink. 9 Comments.

  1. The subject of the penny reminded me of an interesting on-line calculator your readers may be interested in. The site is givingwhatwecan.org or type in How Rich am I? and up pops a calculator. If you put in your after tax income and the number of people in your household it provides you with some very interesting info. It’s a tidy little gratitude lesson in itself.


  2. I heard about this on NPR yesterday. I remember having Canadian pennies all the time when I lived in North Dakota–I kind of liked them, with their pretty leaves. It makes me wonder how soon before the same thing happens in the States. But I like your take that thoughts are now free. 🙂

  3. This makes me sad. The beautiful and distinctly Canadian Maple Leaf shining on a bright new penny .. is no more?

    A nickel for your thoughts? 🙂


    • As always, I am of two minds (the science and the story). On a practical level, hurray! On a romantic level, I am sad. “Find a penny pick it up . . . ” and “Pennies from heaven . . .” – all those romantic notions resonate with me. But, it will take a long time for pennies to disappear. I have a feeling they’ll keep cropping up in unexpected places for some time yet, and when they do, they’ll be all the more cherished now.

  4. Hey there, I think your blog might be having
    browser compatibility issues. When I look at your blog in Chrome, it looks fine but when opening
    in Internet Explorer, it has some overlapping.

    I just wanted to give you a quick heads up! Other then that, very
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  1. Pingback: A penny for your thoughts she said « Winnipeg News Review

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