Canada Penny

4 Reasons Why Canada Lost The Penny Permanently

Brett Caron | Posted 02.13.2017 | Canada
Brett Caron

At the time they were phased out, pennies cost the Canadian Mint 1.6 cents to produce. Doesn't make much cents, does it? Getting rid of them ended up saving taxpayers up to $11 million a year, which is advantageous.

Last Roll Of Pennies Cost Way More Than 50 Cents

The Huffington Post Canada | Posted 03.04.2013 | Canada Business

If you thought a roll of Canadian pennies is worth 50 cents, think again. A Toronto man who bought a ‘special wrap roll’ of the discontinued c...

Canadians Still Expect Retailers To Accept These: Poll

CP | LuAnn LaSalle, The Canadian Press | Posted 04.22.2013 | Canada Business

MONTREAL - Canadians aren't expecting to save all of their pennies and nearly three-quarters want retailers to keep accepting the coin even though it'...

The Week in Review: The Beginning of the End of the Penny (Finally)

Marni Soupcoff | Posted 04.12.2013 | Canada
Marni Soupcoff

On Monday, retailers finally started rounding cash transactions to the nearest nickel in cases where neither party can produce enough pennies -- this to account for the fact that the mint also began, on Monday, its new procedure of melting and recycling all pennies received by banks. That so many Canadians have used the occasion of the penny's long roll home as an opportunity to raise money for worthy causes is heartening. But that it took the government this long to drop a coin that had clearly outlived its usefulness at least thirty years ago is discouraging.

'They're All Scrap Copper Now': Newfoundland Musician Writes Penny Memorial

Huffington Post Music Canada | Jason MacNeil | Posted 02.05.2013 | Canada Music

With the official demise of the penny now beginning, one Newfoundland singer-songwriter has penned a song based on the one-cent coin's death. Accor...

A Love Letter to the Penny

Kolby Solinsky | Posted 04.06.2013 | Canada Business
Kolby Solinsky

Dear Penny; I know you're busy, but I couldn't let you go without saying something. You were always by my side, even when I didn't want you to be. Weighing down my pockets. Making my palms smell like pissed-on copper. When I held you, my mitts got all clammy and ugly.

What To Do With All Those Pennies

The Huffington Post Canada | Posted 02.05.2013 | Canada Business

As distribution of the Canadian penny ends, you're no doubt wondering what to do with your hoards of spare change. Thanks to the government's deci...

Creative Canucks Preserve Pennies

CP | Michelle McQuigge, The Canadian Press | Posted 04.05.2013 | Canada Business

OTTAWA - The Canadian penny took another step Monday on what could be a long road to extinction, with businesses given the ultimate short-term power o...

RIP Penny, 1858 To 2013

CBC | Posted 04.06.2013 | Canada

Penny, Canadian — Passed away peacefully on Feb. 4, 2013, when the Royal Canadian Mint stopped distributing the copper-coloured coin. T...

The Best Uses For Old Pennies

Craig and Marc Kielburger | Posted 04.01.2013 | Canada Impact
Craig and Marc Kielburger

"Free your pennies from their prisons and donate them to charity!" That was the cry of Canadian Finance Minister Jim Flaherty as he announced the penny's demise in last year's federal budget. We've since talked to many different groups who are madly gathering pennies for many different causes.

He'll Pay

CP | Dean Beeby, The Canadian Press | Posted 02.13.2013 | Canada Business

OTTAWA - The minister in charge of billions of dollars in government spending now has been given the power to redeem the lowly penny.A cabinet order t...

Canadian Mint: We Won't Charge You For Using Images Of Penny

CP | The Canadian Press | Posted 11.13.2012 | Canada Business

OTTAWA - A Nova Scotia folk singer can rest easy now that the Royal Canadian Mint won't be picking his pockets over his upcoming album's depiction of ...

A Stay Of Execution

CP | Terry Pedwell, The Canadian Press | Posted 02.04.2013 | Canada Business

OTTAWA - The penny's days are still numbered, but the controversial Canadian coin is getting a last-minute reprieve before it's finally killed off as ...

Final Cent To Roll Off The Line Friday

CP | Steve Lambert, The Canadian Press | Posted 07.03.2012 | Canada Business

WINNIPEG - The last Canadian penny ever to be made shuddered down a chute and into a small glass bowl at the Royal Canadian Mint on Friday — marking...

Mint Seeks Input On Digital Pennies

CP | Michael Oliveira, The Canadian Press | Posted 06.11.2012 | Canada Business

TORONTO - The penny's days are numbered but the Royal Canadian Mint is now researching ways to find a second life for the one-cent denomination in the...

U.S. Debates Whether To Follow Canada In Killing The Penny

CP | Lee-Anne Goodman, The Canadian Press | Posted 05.30.2012 | Canada Business

WASHINGTON - News that Canada is doing away with the penny has renewed debate in the United States about whether it's time to rid itself, too, of a pi...