Lake Chapala's INSIDE LAKESIDE
Log In or Register

Check your spam/junk folder for activation e-mail after you register.

Join the forum, it's quick and easy

Lake Chapala's INSIDE LAKESIDE
Log In or Register

Check your spam/junk folder for activation e-mail after you register.
Lake Chapala's INSIDE LAKESIDE
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Once Again, Canada is Ahead of the US

3 posters

Go down

Once Again, Canada is Ahead of the US Empty Once Again, Canada is Ahead of the US

Post by CheenaGringo Fri Mar 30, 2012 4:03 pm

Canada announced that they are bagging the "penny" - something that the US cannot decide to do even though it costs about 2.4 cents to produce each US penny:
http://economywatch.msnbc.msn.com/_news/2012/03/30/10941329-canadians-say-goodbye-or-adieu-to-the-penny

CheenaGringo
Share Holder
Share Holder

Posts : 6692
Join date : 2010-04-17

Back to top Go down

Once Again, Canada is Ahead of the US Empty Re: Once Again, Canada is Ahead of the US

Post by johninajijic Sat Mar 31, 2012 12:59 am

CheenaGringo wrote:Canada announced that they are bagging the "penny" - something that the US cannot decide to do even though it costs about 2.4 cents to produce each US penny:
http://economywatch.msnbc.msn.com/_news/2012/03/30/10941329-canadians-say-goodbye-or-adieu-to-the-penny

I'm not surprised that Canada is ahead of the US. Just shows how dumb the US is sometimes.
johninajijic
johninajijic
Share Holder
Share Holder

Posts : 3850
Join date : 2010-10-23
Age : 80
Location : West Ajijic
Humor : Sometimes

Back to top Go down

Once Again, Canada is Ahead of the US Empty Re: Once Again, Canada is Ahead of the US

Post by borderreiver Sat Mar 31, 2012 6:02 pm

Why the difference? Here, in Canada, it costs 1.5 cents to produce a penny. In the US 2.4 cents (apparently). More copper in the US penny? Experienced the averaging up and down thing in NZ in 2000. If the item was 1.02 it became !.00. If 1.03 then 1.05. This was for cash. Digitally, transactions retained the penny thing. Inflation wise, over the years, we might as well loose the nickel (5 cent coin- as well). Sad, in a way. I can remember when I could get over the top - sugarwise- for a quarter. For us gringos/as $1 just doesn't have much punch anymore. Give a Mx kid P10 and watch them light up. In reality, if poor, they'd probably hand it over to Mom.
borderreiver
borderreiver
Share Holder
Share Holder

Posts : 925
Join date : 2011-07-07
Age : 74
Location : vancouver
Humor : humor is spelt incorrectly

Back to top Go down

Once Again, Canada is Ahead of the US Empty Re: Once Again, Canada is Ahead of the US

Post by Sponsored content


Sponsored content


Back to top Go down

Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum