Today Canada Officially Retires the Penny
Financially it makes sense since it cost 1.7 cents to make one; on the other hand it has consequences for the future. There is already talk of doing the same to the nickel, this would set us up on a decimal system and eventually down the road a cashless society.
Obviously prices will be moved up to the nearest nickel and then if the other shoe drops to the nearest dime.
Any thoughts on this? Is this the future?