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Finance committee That's correct. The intent is to maintain the value of the penny.
June 5th, 2012Committee meeting
Ian Wright
Finance committee It's been a bit mixed across different jurisdictions. Some countries did remove what we call “legal tender status”, so although redeemed or pulled out of circulation, one would continue to use the penny as the smallest denomination. Electronic transactions, cheques, debit cards,
June 5th, 2012Committee meeting
Ian Wright
Finance committee Even under the current laws as they stand now, an exchange between a retailer and a customer is a voluntary transaction. The retailer, even now, can refuse to accept as part of that exchange.... As I think you've seen when you go into some Tim Hortons and stores like that, they'l
June 5th, 2012Committee meeting
Ian Wright