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23 Οκτ 2023 · Is it time for the U.S. to remove the penny from circulation? Learn why some experts think the one-cent copper coin isn't worth the trouble of manufacturing.
30 Μαρ 2012 · The government has decided to phase the penny out of existence starting this fall, CBC's Havard Gould reports. What's up with the penny? The government announced in the budget that it is...
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.
19 Δεκ 2012 · OTTAWA, Ont. — 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.
3 Φεβ 2021 · February 4, 2021, will mark eight years since the Royal Canadian Mint stopped distributing the Canadian penny. The Government of Canada had announced that the penny would be phased out of Canada’s coinage system in the budget presented on March 29, 2012.
As of today the Mint will cease distributing pennies to financial institutions, and the supply of pennies in circulation will begin to decline. “Pennies have sat idle for too long in forgotten penny jars and couch crevices,” said Parliamentary Secretary Glover.
