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R.I.P. Canadian Penny


Business  (tags: R.I.P. Canadian penny )

Agnes
- 594 days ago - metronews.ca
Today may seem like any other day, but it isn't. Today's the day the Royal Canadian Mint stops distributing pennies to banks and retailers. From here on in, that pound of pocket fluff you've been carrying around wilgradually dwindle into oblivion,



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Comments

Christeen Anderson (493)
Monday February 4, 2013, 2:21 pm
To bad.
 

Theodore Shayne (56)
Monday February 4, 2013, 4:22 pm
They should have done this years ago. Of course credit card charges will still be rounded off to the nearest penny.
 

Sue H. (1)
Tuesday February 5, 2013, 8:33 am
I'll miss the penny and expect to pay more for everything now.
 

Patricia N. (8)
Tuesday February 5, 2013, 11:49 pm
Is the nickel next?
 

. (6)
Wednesday February 6, 2013, 12:01 am
I'm with Sue, I'll miss the penny and we'll probably pay more for things now.
 

Robert O. (12)
Wednesday February 6, 2013, 12:14 am
Thanks Agnes.
 

Michael O. (172)
Wednesday February 6, 2013, 5:28 am
Economically, it hasn't made much sense to keep producing the penny. After all, it costs more to produce them than what they're worth.

Emotionally though, there's more of an attachment. I'll miss that thrill I've had ever since I was child, whenever I'd find one on the sidewalk. :-(
 

Vicky P. (464)
Wednesday February 6, 2013, 1:20 pm
:/ I actually like the penny, it's stupid to get rid of it
 

Paul Girardin (140)
Wednesday February 6, 2013, 2:44 pm
Good riddance!

Noted!
 

Mary Donnelly (47)
Wednesday February 6, 2013, 3:02 pm
Thanks Agnes.
 

Sherri O. (257)
Wednesday February 6, 2013, 6:13 pm
I'll miss them, too.
 

Hartson Doak (33)
Wednesday February 6, 2013, 6:41 pm
I use my debit card. No change at all.
 

robert zank (0)
Thursday February 7, 2013, 7:58 am
like human rights, phase them out, too expensive to keep up!
watch the synchonicity, we are supposed to get used to this type of justification.
how much does it cost to print a 100 dollar note? pennies
and here the blah blah:
I guess this is progress. The penny costs 1.6 cents to produce, about $11 million a year to produce $6.9 million in penny purchase power, a losing proposition, to say the least. The penny has already been eliminated in New Zealand, Australia, the Netherlands, Switzerland, Norway and Finland, and no doubt other nations usually thrust in our faces as progressive, clean, and nice to visit even if you wouldn’t want to live there.
 

Mike and Janis B. (7)
Thursday February 7, 2013, 2:25 pm
One helluva jump to the nickel as the next denomination. They should be producing a two penny piece to replace it.
 
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