[div class="articleCopy"]VANCOUVER (NEWS1130) - No one has accused Ottawa of being penny wise but there may be some wisdom in the latest move to eliminate the one cent coin. Winnipeg MP Pat Martin is at it again, introducing a private members bill today to get rid of the red cent.[/p] He says they just weigh down your pockets or end up in jars. The legislation would mean retailers would have to round up, or theoretically down, to the nearest five cent mark on cash transactions. [/p] Debit transactions wouldn't be affected. On the street, most people like the idea. One man says he would like nothing more than to never ever have to see another penny in his pocket. He says he would rather have pocket lint than pennies as the coins are heavier and worth less.[/p] The Royal Canadian Mint did a survey recently and found more than 60% of small retailers like the idea and over 40% of consumers. Large retailers were mostly against the move, afraid it could limit how they price their products.
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