Our thoughts are now free: no more pennies
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.
Posted on February 5, 2013, in Inspiration, Living life to the fullest and tagged Canada, Canadian, Coin, Penny, Retail Council of Canada, Royal Canadian Mint, Tim Horton. Bookmark the permalink. 9 Comments.