Canada’s government has decided to stop making pennies. People can still use them, but the country won’t be minting any new ones. Part of the reason: They cost more to make than they’re actually worth.
Could this make life easier for many Canadians? Yes. Could this lead to rounding up and possibly higher prices? Yes.
A Canadian government statement said New Zealand, Australia, the Netherlands, Norway, Finland, Sweden and others “have made smooth transitions to a penny-free economy.” It said penny production cost $11 million a year, and that the coins, which feature two maple leaves and Queen Elizabeth II in profile, would remain legal tender until they eventually disappeared from circulation.
For more information regarding the current penny situation in the U.S. click the image below:
YOUR QUESTION: But it got us all wondering whether you think the penny should stick around where you live. Penny for your thoughts? WHY OR WHY NOT? 3-5, CAPS, SPELLING & GRAMMAR…..YOU GUYS!