EST A Statistics Canada survey indicates few Canadian businesses are doing anything to fix the Year 2000 computer bug. In fact, more than half of Canadian businesses are simply ignoring the problem.
Every computer has a clock.
On most mainframe computers, the clock only goes to 1999. When the year 2000 begins, the clock will turn to zero-zero. This means the computer won't know the date, which is a significant problem for computers that are constantly storing data. The problem originates with the way the computer was programmed. A federal task force warns it's a serious threat, and is suggesting that banks refuse to lend money to companies that don't have a plan to deal with it.