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  1. 4 Φεβ 2013 · TORONTO — The phasing-out of the penny will lurch ahead Monday with the Royal Canadian Mint officially ending its distribution of one-cent coins to Canada’s financial institutions. The move comes nearly a year after Finance Minister Jim Flaherty announced the demise of the penny, whose production cost came to exceed its monetary value.

  2. 4 Φεβ 2013 · Canada’s iconic penny gets one step closer to extinction Monday as the Royal Canadian Mint officially stops distributing the coins to financial institutions. Businesses are now beginning to...

  3. 19 Δεκ 2012 · — The demise of Canada’s one-cent coin next year will cost taxpayers a pretty penny. Finance Minister Jim Flaherty announced the impending withdrawal of the penny in last March’s budget, saying the government would save $11 million a year in production costs.

  4. 6 Μαΐ 2022 · The coin management system that helped guide Canadians into a post-penny economy is now actively helping all Canadians transition into the digital economy. An important lesson from the penny’s demise is that some people cling to a unit of payment even as the majority moves on.

  5. 4 Φεβ 2013 · Are you going to get ripped off by the death of the penny? 'Salami slicing' explained. Also known as penny shaving, the ploy aims to collect tiny rounding errors over many...

  6. 9 Απρ 2012 · With the penny gone and the triumph of plastic over paper bills only months away, the research and development department of the Royal Canadian Mint has proposed going one step further: the...

  7. 14 Φεβ 2013 · As we get set to say goodbye forever to the Canadian penny on Feb. 4, here are a few things you’ll need to know. The leaf depicted on the penny is a sycamore, not a maple.

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