Super Banner Ad
Current Weather
-7.3°C Snow NE 18 km/h
Full Forecast
Tbnewswatch National News
Friday November 28 2014
11:59 PM EST
Skyscraper Ad
Signature Ad
Signature - McCullough
Sign -Driving Miss Daisy
Skyscraper-newswatch (except CFNO)
2012-05-04 at NOON

Finance minister urges Canadians to donate pennies

ROCK 94Your Rock Station, Always has…Always will be! Click Here!
By The Canadian Press

WINNIPEG - The last penny has dropped in Canada.

The Royal Canadian Mint in Winnipeg has struck the final one-cent coin under the eye of Finance Minister Jim Flaherty.

Flaherty pushed a button on a machine that moments later spit out the last batch of shiny pennies to enter circulation in Canada.

Flaherty announced in the March budget that the coin would no longer be produced because the cost of making it is more than it's worth.

Speaking at the Mint, he said the penny has become — quote — "a burden on Canada's balance sheet."

Flaherty is urging Canadians to donate their coppers to charity.

Canada joins several countries that have already dropped pennies or their equivalent, including Australia, New Zealand, Brazil, Israel and South Africa.

The Canadian Press
© The Canadian Press, 2014

Banner/Vector Construction


We've improved our comment system.
Comments for this story are semi-moderated. Read our comment guideline.

Add a new comment.
You must log in to add comments.
Create a new account
Log In
Big Box