There’s a bit of hand wringing going on around Facebook amongst typically the anti-Harper crowd. Normally I’d join in, because it’s worth wringing hands over practically everything our Prime Minister has going wrong in our country. One thing he’s managed to not get wrong, is ending the penny. It’s a relic, and I’m very much for preserving history, but I don’t need to carry historical currency in my pockets when it is worth only a fraction of what a penny was worth when I was a kid in the 1980s.
Why shouldn’t you worry about retailers making at most a couple cents extra on a rounded final total, on cash transactions? Because those two cents are not that valuable to you, for one thing. Another, if you happen to use a debit card or credit card, you’re not affected by rounding yet. If you do use plastic to pay, you’re already paying upwards of 50 cents per transaction to the bank, while your retailer is also paying a fee to the bank plus maybe 2.5% of the purchase price (which they pass on to you through higher prices).
Long story short, if you have the opportunity to pay your retailer in cash, ask that they keep the one or two cents you might be owed, because both you and they are already more than 48 cents ahead of the game the banks are playing with us all.
P.S. And if you read the link at the top of this story, you should note that the Conservatives still haven’t managed to find Pierre Poutine with the help of the RCMP and Elections Canada’s 630+ day investigation. The Cons have moved on to lying about new robocalls though. Since a Liberal MP was fined $4900 for a robocall with a misleading identification, I guess the CRTC will be fining the Conservatives soon too for their “Chase Research” push poll.