that phrase could soon be a thing of the past...according to a recent survey, canadians--particularly retailers--have said they'd like to see the demise of our little copper friend.
63% of small retailers want the penny gone and only 19% wanted it to hang around... customers were more evenly split on the matter - 42% say oh no it must go! while 33% still enjoyed that jangle in their change pockets.
the survey was good to point out that there are downsides to pocketing the penny for good... on the retailer side there are concerns about limited pricing options and tax implications while customers fear that this will give retailers to push prices higher by rounding up rather than down.
add your two cents... vote on the penny poll at the bottom of the main page!
2 comments:
if they get rid of the penny they will round to the nearest 5 cents, and its up to the retailer whether or not they round up or down!
no way... what else am I going to throw at hippies? I won't part with a nickel!
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