The coin's days could be numbered.
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.
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 Bank of Montreal poll found that 73 per cent of those surveyed expect retailers to keep taking pennies — regardless of
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.
With the official demise of the penny now beginning, one Newfoundland singer-songwriter has penned a song based on the one
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.
The Canadian penny is no more and one MP's glee could apparently only be expressed through prose. NDP MP Pat Martin stood
As distribution of the Canadian penny ends, you're no doubt wondering what to do with your hoards of spare change. Thanks
The Royal Canadian Mint officially ended its distribution of one-cent coins to Canada's financial institutions. But businesses