The new federal budget will phase out Canadian pennies by fall this year.  http://www.cbc.ca/news/business/story/2012/03/29/federalbudget-flaherty-penny-cent.html

Whatever the price is will be rounded up or down to the nearest 5 cents.  So a looney is required to pay for anything from 98 cents up to $1.02.  I wonder how tills will balance once this goes into effect?  I suppose it should average out.

I found this related (from a U.S. perspective) YouTube video interesting: http://youtu.be/y5UT04p5f7U