Say good bye to the Canadian penny

[kezt777]

I haven't lived in BC for about 7 years now, but I remember there was a 5¢ per can deposit. You get it back if you take the can in for recycling. Not sure about bottles though. And I can't remember about any other enviro fees or taxes.

In Alberta it recently went up. It's 10 cents per can (you pay the 10 cents plus a separate enviro handling fee on the bill and get only the 10 cents back) but it's like 25 cents for the 2 litre bottles and they do milk jugs for the same (25 for the four liter jugs but im not sure how much for the waxed cartons). We have a massive stack of cases (POP not beer lol) in the basement waiting til just before we go on holiday for gas money. Almost $200 now lol. But the separate enviro charge has been there for a few years now. It's not much, maybe 5 cents or something. But that adds up too of course and you dont get that back. Supposedly it goes to helping recycle them but who really knows.

[kezt777]

The truth is they are interchangeable. One valueless currency for another.

that's about it. but i do recall when i was a child/teen, going down into Montana, if you tried to sneak in a canadian coin they would have a fit at the store lol. Back then it was about 70 cents but now it's pretty much par 97 to 99 cents or higher, and recently we went over the US dollar again but the news didnt let that out this time (not that i saw). I noticed when I went to buy stuff on ebay in February and it was cheaper for me to order from the US lol. Shipping cost me $9.80 Canadian instead of the $9.99US that was posted. yee hawwww I have spent years not wanting to buy stuff in US$ on ebay because it would cost me even more.

But it's all a sad state of affairs really. I found out tonight that the Australian dollar and Canadian are almost the same too. $1CAD is 0.97AUD so that means Aussies are pretty much on par with the US dollar as well, after years of being apart.

[Paul Or Nothing II]

Use it or lose it. They've been wanting to go electronic currency for a long time. When that happens, kiss any vestige of privacy bye bye.

No worries, markets will get around it, as they always do!

There will be physical currencies on the black-market as usual, of course, they'll be "illegal" but people will use it if the cost-benefit dictates that using them will be better than using government-fiction!

Of course, it won't necessarily be good but just saying that it won't necessarily be the end of physical currencies! Yes, we do need to go more with physical currencies, especially those which can't be created in abundance at a fraction of their face-value but unfortunate thing is that some within the liberty movement are pushing for completely fictional currency, & trying to help out the government in going all fictional, you know the whole Shitcoin thing that's getting famous among some libertarians!

[czarinaB]

The last Canadian cent ever to be made came off the press on Friday. Experts predict the eradication will save the northern nation $11 million a year. Some say the same move should take place in the U.S., as well. Canada mints its last penny. Should the U.S., too? The United States mints more pennies than Canada and at a greater loss. Each United States penny costs about 2.41 cents to make. The United States coins can save a staggering $70 million annually by losing the copper Lincoln-headed disks.