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+--- Thread: Canada's Penny heads into retirement (/thread-8782.html)
Canada's Penny heads into retirement - villagebelle - 02-04-2013
Distribution of the Canadian penny ends Monday, but with about six billion of them in circulation, it's not clear how long the little coins will stay in use.
The penny is being retired because it actually costs 1.6 cents to produce and the federal government believes it can save $11 million a year by getting rid of the coins.
While the last penny was actually produced by the Royal Canadian Mint on May 4 and they're not going to be distributed any more, Mint spokeswoman Christine Aquino said pennies remain legal tender and can still be used for purchases or exchanged at financial institutions.
http://www.theprovince.com/news/Canada+penny+heads+into+retirement/7913978/story.html
Re: Canada's Penny heads into retirement - chairman - 02-04-2013
a penny for your thoughts?
Re: Canada's Penny heads into retirement - villagebelle - 02-04-2013
now it will be.....a nickle for your thoughts!!
Re: Canada's Penny heads into retirement - Watooka - 02-04-2013
The penny just dropped..