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Carrick on money: The hidden cost of killing the penny

A 2012 Canadian penny

Fernando Morales/The Globe and Mail

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

The hidden cost of killing the penny
It's the sudden irrelevance of dozens of expressions based on the penny. See a penny, pick it up and all the day you'll, um, wonder why you bothered.

Rick Mercer on Housing
A satirical look at the housing market's ups and downs.

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Meanwhile back in real life, this blurb from Toronto Life's website describes the kind of real estate transaction that will be increasingly common in the future. An older couple who downsized to a condo years ago are selling and moving to more of an assisted living arrangement.

The haggling-hater's guide to car buying
The Boomer & Echo blog looks at a car-buying service called Unhaggle – you pay $49 and they find the best deal for you at local dealers.

More money
Join the 20,000+ people who subscribe to my Facebook personal finance community for talk about investing, retirement, real estate, banking and other financial matters. I'm also on Twitter.

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About the Author
Personal Finance Columnist

Rob Carrick has been writing about personal finance, business and economics for close to 20 years. He joined The Globe and Mail in late 1996 as an investment reporter and has been personal finance columnist since November 1998. Rob's personal finance columns appear in The Globe on Tuesday and Thursday, and his Portfolio Strategy column for investors appears on Saturday. More

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