So, the Conservative government is doing away with the penny. That is unfortunate.
That means that all prices between one and four cents will be raised to the nearest nickel and all prices from six to nine cents will be raised to the nearest dime. Don’t forget that there is tax added to our purchases. I would imagine, without pennies, that the price after tax will also be raised to the nearest nickel or dime.
Thus, the Canadian consumer is getting screwed twice by the elimination of the penny.