Your Business

Say good-bye to the penny

The Canadian penny is on its last legs. In terms of production, at least. The mint will stop producing the coin this fall. Each one costs more than a cent to make. But you'll still be able to use the pennies you already have.

SooToday Staff Mar 29, 2012 7:34 PM

The Canadian penny is on its last legs.

In terms of production, at least.

The mint will stop producing the coin this fall.

Each one costs more than a cent to make.

But you'll still be able to use the pennies you already have.

The coin is being eliminated as cost-saving measure through the Harper government's budget.

Ending production will save about $11-million, the government says.

Additional SooToday.com coverage of this story

Harper focuses on friends, ignores growing inequality: NDP

Say good-bye to the penny
Budget has no measures to grow jobs, address youth unemployment: Bob Rae
Harper budget helps Saultites shop across the river
Thousands of civil service jobs cut by Harper government
The Federal Budget according Bryan Hayes
Canadians under 54 years-old hit by Harper budget's OAS cuts

What's next?

If you would like to apply to become a Verified Commenter, please fill out this form.