{"id":20679,"date":"2013-02-05T15:17:07","date_gmt":"2013-02-05T20:17:07","guid":{"rendered":"http:\/\/brocku.ca\/brock-news\/?p=20679"},"modified":"2013-02-05T15:17:07","modified_gmt":"2013-02-05T20:17:07","slug":"brock-bids-adieu-to-the-penny","status":"publish","type":"post","link":"https:\/\/brocku.ca\/brock-news\/2013\/02\/brock-bids-adieu-to-the-penny\/","title":{"rendered":"Brock bids adieu to the penny"},"content":{"rendered":"<div id=\"attachment_20682\" style=\"width: 514px\" class=\"wp-caption aligncenter\"><a class=\"highslide\" onclick=\"return vz.expand(this)\" href=\"http:\/\/brocku.ca\/brock-news\/wp-content\/uploads\/2013\/02\/penny.jpg\"><img aria-describedby=\"caption-attachment-20682\" decoding=\"async\" loading=\"lazy\" class=\"size-large wp-image-20682\" title=\"penny\" src=\"http:\/\/brocku.ca\/brock-news\/wp-content\/uploads\/2013\/02\/penny-1024x958.jpg\" alt=\"Pennies will no longer be given as change for cash transactions on campus starting Wednesday, Feb. 6, 2013.\" width=\"504\" height=\"471\" \/><\/a><p id=\"caption-attachment-20682\" class=\"wp-caption-text\">Pennies will no longer be given as change for cash transactions on campus starting Wednesday, Feb. 6, 2013.<\/p><\/div>\n<p>A penny saved is no longer a penny earned.<\/p>\n<p>Starting Wednesday, it will be a collector&#8217;s item on the Brock campus. That&#8217;s because people making cash payments for their morning caffeine fixes, lunches or textbooks won&#8217;t find any copper in the change they&#8217;re given.<\/p>\n<p>The University will no longer be giving pennies as change on any cash transaction. Instead, all cash payments will be rounded up or down to the nearest five-cent increment.<\/p>\n<p>So, if you normally pay $1.01 or $1.02 for that coffee to kick-start your day, for example, you&#8217;ll only have to pay $1. If the total on your purchase comes out to $1.03 or $1.05, the charge will be $1.05. Purchases totaling $1.06 or 1.07 will be rounded to $1.05 while those at $1.08 and $1.09 will be bumped up to $1.10.<\/p>\n<p>Payments made with debit or credit cards, including Brock cards, won&#8217;t be rounded.<\/p>\n<p>Businesses and charities throughout Canada began the transition to phase out the penny this week after the federal government decided in 2011 that the <a title=\"Royal Canadian Mint\" href=\"http:\/\/www.mint.ca\/store\/mint\/learn\/eliminating-the-penny-6900002\" target=\"_blank\">Royal Canadian Mint would no long issue the one-cent coins.<\/a><\/p>\n<p>Despite the penny&#8217;s disappearance from campus cash registers, it is still legal tender. That means pennies can still be used to make purchases.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Starting Wednesday, pennies won&#8217;t be given as change in cash transactions made on campus. <\/p>\n","protected":false},"author":13,"featured_media":20682,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[214,792,595],"_links":{"self":[{"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/posts\/20679"}],"collection":[{"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/comments?post=20679"}],"version-history":[{"count":2,"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/posts\/20679\/revisions"}],"predecessor-version":[{"id":20683,"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/posts\/20679\/revisions\/20683"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/media\/20682"}],"wp:attachment":[{"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/media?parent=20679"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/categories?post=20679"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/tags?post=20679"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}