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: I ‘ | 10 f \| : A penny for your thoughts, Northumberland & ; ist", f § i9 ‘g PENNY from page 1 es 2. ts 36â€" i Ei = j»;‘ * "The thing thatI don‘t like about it is all these Ee â€"% sex". 3 charities are going to lose all the money from es : m mare_a 5 it Ms. Wytosky said. "I am in favour of it es C > l € because L used to be a cashier, a waitress and s F > F se S rare € I worked at the banks. Itwas a lot of hassle." "Fe se _: m as n £ _ She hopes the public will continue to supâ€" hsias Bes=4â€"> S , se port local charities by now collecting nickels E. o ~~n~ eag f e and dimes, but the fact the phaseâ€"out will y ns o hoii se 4 2 ts save Canadian taxpayers $11 million each â€" ' s s e and every year swayed her in favour of the r ieentaint s move. R es _ â€" "m | "My generation grew up when you could e 4@& M# a 3 . 7 se buy something with a penny, where now you o:h g F=s 7 ME > =v3 _ almost need a loonie to buy something," she e e ~ K e «1 s z7 added. "It costs more to make the penny so I * . fl > k B > . 3 Rex". approve of it, but I just feel sorry for the small 4@ & * e 0e es businesses who have to start rounding up â€" â€"< o . aie &“ SÂ¥ efi sâ€"<Bs and down." k ts is ~ C â€" P ?j a * ‘.5;' E $2 ..3 o h e on . For Bob Kim, who has owned Victoria Conâ€" h. wA 4. . , (.. i â€">" venience store in Port Hope for nine years, k > ol + o l 3 the move makes business simpler. The store . â€" " J o 3 sits kittyâ€"corner to Port Hope High School § > e 4e €+/sf and Dr. M.S. Hawkins Public School and stuâ€" saat * es dents stream in the store, often with small l x\~ d w#X change. Ees en > "T have no problem with it," he said. "I find e ns _i ho it very good." f l 1 C ce He was ready with a roundâ€"up and roundâ€" o m 3 i down chart displayed on the cash register. f 3 4 _ Mr. Kim prepared his two partâ€"time staff <3 a _ members for the change. = The ‘take a penny, leave a penny‘ tray is aalc t 2 still on the counter but no one needs a penny anymore, Mr. Kim said. 3 3.A DOMINIK WISNIEWSKI / NORTHUMBERLAND NEWS 4 "It‘s empty, he said. NORTHUMBERLAND â€"â€" Kim Toms, the brqqch manager at the CIBC in Brighton, holds up soonâ€"foâ€"be obsolete pennies on Feb. 4 â€" f Mr. Kim has noticed the absence of penâ€" the day the Royal Canadian Mint ceased its distribution to banks. & nies in his own pockets. On a shopping trip § â€" to Toronto on Monday, he came back with _ that nearly 1.6 cents goes into producing _ To commemorate the changeover, the no pennies, he said as he showed a handful _ every penny. "Not only do we want to phase _ Royal Canadian Mint is offering 20,000 speâ€" _ of nickels, dimes and quarters. out the penny as a costâ€"cutting measure for _ cial rolls made from the last million pennies 256 P e _ The â€" elimination of the penny was _ the government, butwe wouldlike to make it produced for distribution. f ‘_‘My generation announced as part of the 2012 Economic _ advantageous for the less privileged in Canaâ€" _ The commemorative wrap rolls of 50 penâ€" y rew up when _ Action Plan, and the Department of Finance . da." nies feature Krugerâ€"Gray‘s maple leaf design, ze E P Canada says it will remain Canada‘s smallest Mr.Norlockencourages everyone to donate _ which was used as the Canadian oneâ€"cent | you could buy unit for pricing goods and services. their pennies to a favourite charity. reverse image from 1937 to 2012 with the I | hi ith According to its website, this will have no _ "I had been saving pennies for about 30 _ sole exception of 1967. The obverse features something wit impact on payments made by cheque or _ years so I gave the bulk of my penny collecâ€" _ the likeness of Queen Elizabeth II by Suzanâ€" a penny, where electronic transactions, and pennies can still _ tion for Habitat for Humanity,‘ he said. "Colâ€" _ na Blunt. be used in cash transactions indefinitely, _ lect all pennies you can and give them to _ Each roll is authenticated with a serialized now you almost with businesses that choose to accept them. _ charity. In the end I think a very positive outâ€" _ holographic label, and the mint is limiting need a Loonie to As of Feb. 4, the Royal Canadian Mint no _ comewill occur," its release to one roll per customer, at a retail palx longer distributes them. Citing countries like Australia, New Zeaâ€" _price of $9.95. blly somethmg. For Northumberlandâ€"Quinte West MP Rick _ land, Sweden, and many others that have These special rolls are available directly Rose Wytosk Norlock, this is welcome news. long ago eliminated the penny, Mr. Norlock _ from the mint at 1â€"800â€"267â€"1871 or online at YÂ¥ Y, "When you look at the financial implicaâ€" _ said Canada will be better off with a new â€" www.mint.ca. Northumberland tions of even producing the penny, it really _ ‘rounding‘ system. id doesn‘t make sense to lose money on every _ "Taxpayersdeserve betterandtheyarenow . resigqent penny that you make," he said, pointing out _ getting better, he added. With files from Karen Longwell FAST FACTS s p S En t a Rounding guidelines issued by e > l S Department of Finance Canada s\ e C Ee Round down kssy 4 Pm A Only cash payments or transactions will need to be rounded, either _ $1.01 or $1.02=$1 fl ,,J i # up or down to the nearest fiveâ€"cent increment, as the penny exits _ $1.06 or $1.07 =$1.05 \Q\,/ al> s se i ciroulation. _ : /x According to Department of Finance Canada, the government â€" > § e ix_ er" / of Canada will be adopting a rounding guideline that has been d $ x e > * used successfully by other countries for its cash transactions with _ ROUnd U p /d ‘k;\ § & e the public. $1.03 or $1.04=$1.05 [ BÂ¥ / s & S Under this guideline, when pennies are not available, cash _ $1.08 or $1.09=$1.10 Es > g s a transactions will be rounded in a fair and transparent manner, as J Â¥ e & % » a illustrated here: E f * f s ( 11