Whitchurch-Stouffville Newspaper Index

Stouffville Sun-Tribune (Stouffville, ON), 7 Feb 2013, p. 16

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Pley for your thougth on this wemmgiy contrary strategy? Not for lungr [he Royal Canadian Mint stopped mak mg new pennies in May and. as of Mon- day. stopped distributing them. The move Ls expected to saw (‘mmdian taxpayers about SI I million a yew. the guvvmment said And that. humam’rals say. will makv yum life a bit easier and all of we a lad weamhk‘r. - "I119 mus! dimmullw uI cum'my wil| be rounded up and melted down fur its ulkrys by the mint. which cannula six hille pennies Will he M‘Immd. You’ll be ‘penniless’ but wealthier, federal government promises Um federal government wants you to be CONVENIENT LOCATION Located off HWY 403 ' Over 100.000 50. ft of available ethumr and storage space on one level I REACH A NEW DEMOGRAPHIC ‘ Proven attendance - Target the Sprung ant hump! with a ‘Ywnshc SOSUPERSALECOM HMLMMAM {Bow-n4 ~ You than“ M EXHIBIT SPACE SUPER SALE AVA|LABLE SOUINERN ONTARIO them IY CHRISTIAIER ; Hubrrwwmg mm CALL TO BOOK YOUR SPACE TODAY! The extinm‘nn 0f the (kmadizm (11“. first struck. In mm by the Royal Mm! of (meat Britain. dmmn'l seem to have many mourners in York. Among numismamxs dealing in coins. paper rurwm'y and nmials. the end of the penny doesn't add In us (who! as a collar able item. (loncord (Jams and Stamps Trading man- agpr Dov l‘vn sum‘su-d (hero's ins! far [on many m circulation. liven hanging on m them won't mean much fur future generdtmns. add- Some 15 billion pennies have been pm- duced smw the mint ofiened in 19%. Pm of Its demise Ls the fact it was costing 1.6 cents to produce each penny Whether it‘s brand name fashions. electronics. appliances. sporting goods; hot tubs. spas or even the kitchen sink. the Super Sale is Southern Ontario's largest consumer warehouse sale! AS LOW AS $2.50/SQ.FT. - Proven attendance - Target the Sprung and Christmas buye! with a ‘twoâ€"show’ rate FEW MOURNERS II REGION York Uniwrs'ity finam‘e pmfmmr Moshe- Milcvsky alien-d unscientific analysis. estimat- ing the adjvc pennies held by 30 million (Mans Hugh! total SL7 million. Not much to get CXCflCd about. he mused. 'I‘ne esnmated $300 million in circulated pennies doesn't make a hug? (hffvnnn‘e to the $1.7 trillion Canadian economy. investment firm Madhugall. [lunged] R: Mm TM wpuned: From now on. retailers won't wnn'y about immional (0515 on debit, cheque. credit or marge card purchases ()n msh transactiom. they Will round up or down to the nearest nickel. based on federal finance guidelines being adopted by York Region's nine panties After-tax transactions ending in l. 2. 6 or 7 should i» rounded down. aramiing in vuhmtarv gm'vmmem guidelines for retailers Thnscthatendm 3.4.8m9canbemunded up. Rounding only takes place after taxes have been added. ’ Some bmincsses will continue to accept pt'llm until My 1. 1n the interim. you are encouraged to roll pennies and cash them at Prettous Metal House prescient Davtd (AWN). M1050 'Ihomhtll enterprise deals in bullion and Hunted global currency. Isn't lugh un guilt-(ting pontth It's as numbers game. ht: said. addtng pt-nmm dated 2013 may gain a degrw at value based on how many are taken nut nt ('imdannn. Rmdtstk'afly. the rent cntn's value is m its 94 per cent steel. 1.5 pct cent nickel and 4.5 per cent copper plating com- postunn, 'Ihv based on curmm market rates. could make each worth about 4.8 cents hofnrt' smelting cost 5. mg the most valuable Canadian penny in his display Ls from 1931 and it can be had for $3. [he mm‘s mm aim wnn’t unpau [hr eco- nomic balance. experts said. The Retail Council of (hnada. represenmwg 45.000 vendors. said most members are ready for penny-{nee blm'lmfis. Shoppers Dmg Man has adopted the gov- ernmtâ€"teoommended practice. communi- catiom vitre-yxesidml Tammy Smitham said. buttth not 'mdude pennies in your mange. she said. ‘lfyou want my two cents wonh. it wally makes no finance to me.“ Richmonde’s Ted Sanders said in pun. “Each evening I've gnapodamnoldegtmsl'um-nhaw mdeilnesandquanml'wgma mfleecanofpetmiea I'll probably donatmhem to charity." your financial institution Mr. Alexander is umfidcm the Hunt's dtér‘r sron will streamline Msmesx. In the past. manâ€" agers bought hues of pennies fmm the bank to make change and they had in be HM and deposited regularly. 'Ih‘rs simplifies he predicting you’llbeanumdlnvfastpenmeswfllccaseru be in \Mth'm a month. he ‘1) per cent will he retired. lim Wider. the owner of sewn 'lim Hm- tons fi'anduscs in York Region. has been pre- paring for the penny's exodus and said the mutation 15 “going smoothly". Mlh taxes. it's almust 'unptmnble to round of! mch food. beverage or mc'rdlandisc item to the ncam five Gems. he Artnnimgiy. his cashiers will adop! the finance dcpamncm's rounding ofl guidelims His shupa have um altered pricing, Rdlht’t. his pain! of sale wndur baa pnmded mftwarv that will automatically ruund Lash plmimses tn the mares! niche-l. BETTER FOR BUSINESS

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