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WTHECANADIANPENNY |)rpgugeqions 170984 _ Feb 1/ 13 R . VALERIE MACDONALD than a few signs like z:t theh'li‘imh 7';;?’ % s â€"T{r:;fi‘f";:' 5 Northumberland Today E:;;S:;e ;tes‘a“ra“ Sant > vele J,{:y' c NORTHUMBERLAND _ â€" "It hasn‘t been an issue with § â€"~> ie : ® “: 3 â€" The familiar phrase, ‘A penny â€" people..They are used to it by > ) i oi for your thoughts‘ will s000â€"â€" now," Cobourg Health Shoppe & ... s ns C have less relevance. With owner April Murchison said after p.,?:‘f- wet Lc reminders from local chambers checking with her own staff. k 3 of commerce, retailers a.nd The government announced & banks, they will begin phaSin§ â€" jast year the Canadian Mint E= out use of the penBy 00 â€" would stop producing pennies l Monday, Feb. 4. s on Feb. 4 but it still remains is cesc ar Businesses are be1lng legal tender. â€" _ es e ce _;}F & ‘"encouraged to begin rounding One of the reasons that there s es e f' eA im cash transactions" effective . nos peen little customer reacâ€" * §: esc io C io > wel > Monday, the Federal PinahC® _ gion, says Murchison, is that e B <a s . -4.'1"“‘.: L. l | Departmenf webs‘lte §ta[es. 5 most people pay by debit card k '.â€"‘; %â€" s-;/.p;z":_.:l ;._s PA e | "As pennies exit circulati0m, â€" ong the change in the penny‘s ho > es l",i?._,ée W ‘“},E:‘ co f cash payments or transactions . Lj,, ;, only at issue when the e ~â€" ‘_,fi : 342. ® onl will e meedi to ibs payment is in cash, she added. Eoo . e l'-'f*",n»-:‘fi <2, rounded, either up or down, to As of Feb, 4 you can still pay e e 2 +4 _ the neares! Aivercent mars. for items with pennies and take ~â€" e < ment i the sovermment mloll | fhemintothe banks, but finanâ€" P cce mation also states. The E0Y2Mâ€" . cial institutions will Cease % ho â€" _ & ment chart shows that if an iving themourthacaay, . se ~ i 1.01 or $1.02, just . SVIRE e C â€" xÂ¥ (il ols M in A CIBC Cobourg branch manâ€" 5 e E* § i Amsd lA s 5:;'03 0; ager Lee Fernandez said Thursâ€" F~ es hS eC ts e n :eaimnacnr. J : MB y i for th o 73 s _, faat c .o o (ss something costing $1.06 or z?:t:n;leggx?%fi;lgdg;t uproncit J’ m fi,‘ ‘.“;.-’.' $1'07';l jumpsslt%gl'm t the o omte eeldite bank will rounth p e m e \, e s, _ cost is $1.08 or $1.09. igoonain e 55 0. °_ g Bs â€" i. _ A up or down to the nearest is > 1 e Ske 24 0o s hee nsteouitte | Soadhn trorare mooy 28 j i i iâ€" Fernandez provided these., | ;:22:22 magc?;?s%f{gorr:ysl;file exa;!flple&f“ flsfll'gi[:%r;e&casffis 7 PETE FISHER Northumberland Today _‘ 4 j a cheque for 1 en the 3 € F o members L;)f the local business bank x?viu give them $100.05, he _ Port Hope and District Chamber of Commerce Manager Bree Nixon is holgmg :p yfihat wz[}_soon;ercft:'flmnt: a co'r'l‘-«l\lfj..lf;v:sé sign in our Serâ€" _ Said. If the customer is paying a _ thing of the past â€" a penny. The penny will stop being made effective Feb. 4 and will soon disapp ; y j £217 p bill for $100.02, the bank will _ cash registers in local stores. es onl 1 charge you only $100 "and we‘ll gwe,:z;icgm;::;f;:flbg:: absorb the difference," Fernanâ€" Aliftares are tabulatediinto. s 1. 5es 1e ds L NO AAMASALIETEE . 2.0ne 00. d oo ceaiee n nernennennnions om _ i i , dez said. the final price before rounding Nixon, but_sodfal' fl':_zsd:;r:ebf; "Cheques and transactions _ is to take place, it also advises. | * l is tBell i reaie a:lyu[ II:) memâ€" using electronic paymentsâ€" When the federal governâ€" j /_*A,â€" s { OUND UP SA | ;Jhe no;u:etxt e ;jh ago about â€" debit, credit and payments ment‘s Economic Action Plan _ | mialit on * l es esw elsteng ..y 1. cardsâ€"do not need to be _ budget was passed last year it . | . ; si02 (g100 $1.03 or SL04 ~$1.05 â€" ~**; ; ?\Ine‘t'vhlir‘mha'rland Central _ rounded, because they can be estimated $11â€"million would NJ $1.01 or S1. â€" f i I t Cha(r);her of Commerce presiâ€" settled electronically to the be saved by phasing out the _ | \» $1.06 or $107. $1.05 $1.08 or $1.09 _ $1.10 t dent Kevin Ward agreed: exact amount," states theofetl:l- penny. | ‘!g " f 1 finance website. 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