Tag: Joyce Grant


Distribution Of Canadian Penny Ends

The penny has been dropped from Canada’s currency.

On Feb. 4, the Royal Canadian Mint stopped sending pennies to banks and businesses.

The government decided that pennies cost too much to make and distribute. They estimate the country will save about $11-million by eliminating the penny.

Without a one-cent coin, many business transactions will change.

The Canadian government told businesses they can “round” cash sales to the nearest five-cent mark.