No more Canadian Penny, 1 cent is going into retirement
No more pennies Starting today in Canada,February 4, the solution to this big change, rounding up and rounding down , for example
Round Down: $1.01 or $1.02 = $1.00
$1.06 or $1.07 = $1.05
Round Up: $1.03 or $1.04 = $1.05
$1.08 or $1.09 = 1.10
Here is an image
Here is an example :
Feb 4 2013, will be recorded in the Canadian history for the ending of pennies.
Source: mint