 Gov't scraps penny, a 'currency without currency' | CTV NewsBusiness | 208101 hits | Mar 29 1:26 pm | Posted by: Guy_Fawkes  The government has decided our lowest denomination coin is more trouble than it's worth, so the Royal Canadian Mint will stop distributing the penny this fall.Commentsview comments in forum Page 1 2 You need to be a member of CKA and be logged into the site, to comment on news. |
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After years of talking about it, it's actually going to happen.
How about that?
Canada is also reducing the cost of manufacturing its other coins, by switching from metal alloys to plated steel cores. One- and two-dollar coins are the last to have their metal composition changed
Goodbye penny and other good ideas.
A nickel for your thoughts
Nickel arcade
Nickel loafers
Nickel Lane (Beatles song)
Nickelwise (the evil clown)
A nickel saved, is a nickel earned
A nickel for your thoughts
Nickel arcade
Nickel loafers
Nickel Lane (Beatles song)
Nickelwise (the evil clown)
Linguistic Inflation. Great, another Economic worry.
A nickel saved, is a nickel earned
A nickel for your thoughts
Nickel arcade
Nickel loafers
Nickel Lane (Beatles song)
Nickelwise (the evil clown)
My ten cents (instead of 2 cents)
A nickel saved, is a nickel earned
A nickel for your thoughts
Nickel arcade
Nickel loafers
Nickel Lane (Beatles song)
Nickelwise (the evil clown)
How about the Nickle - Farthing bicycle?
Got find some Farthings though.
Oh, they'll be around for quite a while I reckon. They may not be making them but there's a shit load of them out there.
True but it looks like the government has a plan to bring them all on home.
The government anticipates that cutting the penny could lead to fundraising drives where charity groups focus on Canadians trying to dump the often-maligned coin, and said it will collaborate with those groups.
Flaherty encouraged everyone to give their pennies to those in need.
"Free your pennies from the prisons of home, and those jars they're in, and give them to charity," Flaherty said.
I think it would make a great Christmas charity event. A national "search and give" project to rid us of these little pests and do some good. Wonder how many $$ in pennies would be out there? We will probably hear about it.
Wait to see what happens next
Was done in Europe a few years ago.
Next.. everything got rounded up... plus a little extra.
Let me be the first to call BS on this. If it were my business and I sold something for $1.26 I'd round up to $1.30
Why should I take a loss over this?