The demise of the Canadian cent – it would have been cheaper just to stop minting the Canadian cent and keep using it. There are billions out there, I even have two from 1942. As it will be no longer currency in February some items etc. will cost more. At present a four cent a minute phone call, for 20 minutes costs 80 cents plus tax… it will rise to $1 plus more tax. The government rakes in more tax.
After February will the government recall all other coins to remove the word cent from them, as there will be no such a thing? Then what do we call them – five whatever, 10 whatever, 25 whatever, 50 whatever? We will have to call a $1 coin 25 whatevers,
The politicians, to save money, could cut their salaries and slash their pensions.
The old saying is “Talk is cheap,” but not when it comes from a politician.