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30 Μαρ 2012 · The government announced in the budget that it is eliminating the penny from Canada's coinage system. In about six months the Royal Canadian Mint will stop distributing Canadian coppers.
- The penny's days are numbered
Citing low purchasing power and rising production costs, the...
- The penny's days are numbered
As part of the Economic Action Plan 2012, the Government announced that it will phase out the penny from Canada's coinage system. While the cent will remain Canada's smallest unit for pricing goods and services, the Royal Canadian Mint will no longer distribute pennies as of February 4, 2013.
4 Φεβ 2013 · To help consumers, businesses, charities and financial institutions to plan, a transition date of February 4, 2013 has been set after which the Royal Canadian Mint will no longer distribute pennies. On this date, businesses will be encouraged to begin rounding cash transactions.
The phase-out of the penny will have no impact on cheque payments or electronic transactions. Moreover, the penny will retain its value indefinitely, and can continue to be used in cash transactions with businesses that choose to accept them.
4 Μαΐ 2012 · Struck in Winnipeg on May 4, 2012. On the surface, the job seemed simple: announce the end of costly penny production in the federal budget; tell consumers and businesses how to round cash transactions to the nearest nickel; and empty cash registers and coin jars around the country to take them out of circulation.
3 Φεβ 2013 · The Canadian Currency Museum has launched an exhibit showcasing the history of the penny, bidding it farewell as the world’s most collected coin begins to be phased out of circulation. The museum is free for all who wish to visit it, and is located in Ottawa.
29 Μαρ 2012 · Citing low purchasing power and rising production costs, the government has decided to phase the penny out of existence starting this fall, when the Royal Canadian Mint will stop...
