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(News 1130)   As of tomorrow, Canada will stop making pennies, so you'll always get a nickel back   (news1130.com) divider line 83
    More: Interesting, nickel back, Royal Canadian Mint, food distribution  
•       •       •

5899 clicks; posted to Main » on 03 Feb 2013 at 5:10 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-02-03 06:18:21 PM  
How do you raise taxes from 5%. Go straight to 10%.
 
2013-02-03 06:20:27 PM  
Nobody cared when we gave up the half-penny and the half-penny was worth way more than one cent is now :)

DEATH TO PENNIES!!

http://www.youtube.com/watch?v=y5UT04p5f7U
 
2013-02-03 06:32:17 PM  

Ghastly: Now I'll have to put nickels in my ass.


Yeah, however you'll have to wash them off due to people will tell they're butt nickels and won't touch them.  No natural camouflage to conceal the poo.
 
2013-02-03 06:32:50 PM  
Is that because they are in Wisconsin?
 
2013-02-03 06:49:41 PM  

Fark Master Flex: / My big ass pickle jar is still full of ass pickles.
// Punctuation is your friend.


Ass-pickles?

imgs.xkcd.com
 
2013-02-03 07:10:07 PM  
I hate this, because I hate nickleback
 
2013-02-03 07:24:59 PM  
This sounds similar to the plot of Superman 3.
 
2013-02-03 07:25:27 PM  

albatros183: I hate this, because I hate nickleback


what about quarterback
 
2013-02-03 07:39:36 PM  
Now I'm torn. On one hand, I hate pennies, but on the other, I don't ever want to be like Canada. What to do, what to do?
 
2013-02-03 07:47:16 PM  
If I had a nickel for every penny I left in Canada . . .
 
2013-02-03 07:49:46 PM  

SpdrJay: I wish the US would do this. I throw away pennies cuz they just piss me off.



I give my pennies to the guys usually panhandling on the freeway exit nearest my house, one who used to buy me booze sometimes when I was underage. Its the least I can do for that guy. If Im feeling generous Ill kick him down some roaches from the ash tray.

I wouldnt have a heart attack if we stopped using pennies today, too numerous and its a hassle to do anything with em. Itll take me forever to sort out a few thousand pennies and Ill get a few bucks at best.
 
2013-02-03 07:55:21 PM  

Cockpuncher to the Stars: Now I'm torn. On one hand, I hate pennies, but on the other, I don't ever want to be like Canada. What to do, what to do?


Leave the pennies and get rid of the nickles... Bonus eventually you will get no nickleback...

/Eventually we'll have that joke beaten to death
 
2013-02-03 08:03:29 PM  
i47.tinypic.com
 
2013-02-03 08:07:05 PM  

Hebalo: Wardrobe_Malfunction: rev. dave: Canada, always in the lead in the Americas.  Good for you guys, As a liberal in the US,  I have alwways thought of you as brothers and sisters.

Still trailing Australia, though.

Yep, Europe and Australia lead the way in banking and currency tech, Canada adopts it well before the US, and eventually, the US catches up.

Seriously, the last 3 times I've been down there, no one uses the Credit Card chip tech, they still sign for things. It's cute.


With a 10th the population, it's probably easier and cheaper to make these kind of changes.
 
2013-02-03 08:31:40 PM  

andyofne: With a 10th the population, it's probably easier and cheaper to make these kind of changes.


You joking? We're so spread out that once you get 100 miles from the border there's ATMs that serve only one igloo.
 
2013-02-03 08:55:01 PM  
Meh, non event. Who uses cash anymore?
The rounding only occurs if it is cash, Interac will still honour the penny.
 
2013-02-03 09:00:51 PM  
Subby, i want to kick you

/goodbye penny, we won't miss you
 
2013-02-03 09:13:22 PM  
Wasn't pretty much the exact same headline used when it was first announced? Boo Subby!
 
2013-02-03 09:14:48 PM  

TeddyRooseveltsMustache: ...and yet I will still get their coins in my change.


I keep hearing the US won't even take our pennies. We still accept your change though...
 
2013-02-03 09:20:39 PM  

angry_redhead: TeddyRooseveltsMustache: ...and yet I will still get their coins in my change.

I keep hearing the US won't even take our pennies. We still accept your change though...


Considering
1 US Dollar equals1.00 Canadian Dollar
the USA should be taking anything they can get.
 
2013-02-03 09:41:51 PM  
Still makes me wonder about us taking your pennies. If we still accept them, and we're getting rid of ours, will we scrap yours too? It wouldn't make sense to send them back to you guys at our expense, which in turn would cost you more to produce more...
 
2013-02-03 10:46:52 PM  

Hebalo: Wardrobe_Malfunction: rev. dave: Canada, always in the lead in the Americas.  Good for you guys, As a liberal in the US,  I have alwways thought of you as brothers and sisters.

Still trailing Australia, though.

Yep, Europe and Australia lead the way in banking and currency tech, Canada adopts it well before the US, and eventually, the US catches up.

Seriously, the last 3 times I've been down there, no one uses the Credit Card chip tech, they still sign for things. It's cute.


The problem with chip and PIN is that it's hackable despite the marketing saying it's better than swipe cards. It's trivial to clone one with a compromised point of sale terminal.

Making that worse is that the banks in countries who use chip and PIN refuse to credit customers victimized by this and the cardholder is often saddled with several hundred dollars worth of fraudulent transactions before the card is disabled.

See: Criminals Crack European 'Chip-and-PIN' Cash-Card Security

And

Banks, meanwhile, are standing firmly behind EMV and chip-and-PIN and are refusing to refund customers protesting fraudulent transactions, banks are telling customers EMV is secure and they either are mistaken about a transaction, or are lying.

Fark banks.
 
2013-02-03 11:57:18 PM  

Ghastly: Now I'll have to put nickels in my ass.


It's a shame. Telling someone they've touched your ass-nickels doesn't have the same ring to it, does it?
 
2013-02-04 12:43:37 AM  
originalalbumcoverart.com

I'll put pennies on your eyes, and it will go away.

See?
 
2013-02-04 12:52:54 AM  

SpdrJay: I wish the US would do this. I throw away pennies cuz they just piss me off.


There's an app answer for that. It's not a great answer. The answer's basically "No, fark off." I read somewhere that removing pennies from circulation would be a very slight but definite inflationary pressure, which I thought was interesting. But this is not that answer.
 
2013-02-04 01:22:54 AM  

EngineerAU: rev. dave: Canada, always in the lead in the Americas.

Except when it comes to time. Back when W Bush wanted to look like he was doing something about oil prices without actually doing anything, he had Daylight Saving Time moved. Canada meekly went right along with Bush's commandment. Kind of hard to be a leader when you let your neighbor dictate when you wake up and when you go to sleep.


Not in Saskatchewan though. We don't care for that DST crap. We'll keep the clocks the same year round, thankyouverymuch.
 
2013-02-04 01:28:11 AM  
Came here to put in my 2 cents.

Seems it won't be enough anymore.
 
2013-02-04 01:43:08 AM  

crayon_wrench: Came here to put in my 2 cents.

Seems it won't be enough anymore.


/wouldn't want to leave you all short-changed.
 
2013-02-04 04:24:08 AM  
I hoard pennies, so I'm really getting a kick...

/Yes, I have a problem...
 
2013-02-04 09:49:17 AM  

lohphat: Hebalo: Wardrobe_Malfunction: rev. dave: Canada, always in the lead in the Americas.  Good for you guys, As a liberal in the US,  I have alwways thought of you as brothers and sisters.

Still trailing Australia, though.

Yep, Europe and Australia lead the way in banking and currency tech, Canada adopts it well before the US, and eventually, the US catches up.

Seriously, the last 3 times I've been down there, no one uses the Credit Card chip tech, they still sign for things. It's cute.

The problem with chip and PIN is that it's hackable despite the marketing saying it's better than swipe cards. It's trivial to clone one with a compromised point of sale terminal.
...See: Criminals Crack European 'Chip-and-PIN' Cash-Card Security


All I can tell you is that the ability of that person to 'hack' that transaction was a simple parameter that the Card Issuer should have set and didn't.   Pretty sure they learned their lesson.

Chip and PIN security is far stronger than Mag Stripe.  Mag Stripe is 70's technology designed for convenience with no security in mind at all.   Don't believe me?   Ask a banker in the cards side about something called 'Fraud Migration'.
 
2013-02-04 03:38:26 PM  
I'm sure America will get around to this about 40 years from now, after most of the rest of the world has already done it.
 
2013-02-04 04:23:56 PM  

ObscureNameHere: All I can tell you is that the ability of that person to 'hack' that transaction was a simple parameter that the Card Issuer should have set and didn't.   Pretty sure they learned their lesson.


The problem is that it's more widespread than the banks want to admit and it means that victims have to pay the losses in the thousands of euros/pounds.

All it did was give an excuse so the banks don't have to fix it and customers contine to get screwed.

Read the original whitepaper on the hack.
 
2013-02-05 11:32:39 PM  

Smelly Pirate Hooker: I'm sure America will get around to this about 40 years from now, after most of the rest of the world has already done it.


Like socialized medicine and adopting the metric system?
 
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