Official newspaper of The University of Texas at Austin

The Daily Texan
Official newspaper of The University of Texas at Austin

The Daily Texan
Official newspaper of The University of Texas at Austin

The Daily Texan
Categories:

Royal Canadian Mint stops issuing penny

The Associated Press
February 5, 2013

TORONTO — Canada started phasing out its penny, the nuisance coins that clutter dressers and cost more than their one-cent value to produce.

The Royal Canadian Mint on Monday officially ended its distribution of pennies to financial institutions. Canadian Finance Minister Jim Flaherty announced last year they were a nuisance and have outlived their purpose.

While people may still use pennies, the government has issued guidelines urging store owners to start rounding prices to the nearest nickel for cash transactions. Electronic purchases will still be billed to the nearest cent.


Print this Story
More to Discover
More in Uncategorized
Texas Longhorns tight end Gunnar Helm blocks a Georgia player as he makes a run with the ball on Oct. 20, 2024.
SEC Championship Game Live Coverage: Texas vs. Georgia
Senior defensive back Jahdae Barron ahead of Texas' game against Florida on Nov. 9, 2024.
Texas football vs. A&M: Live updates
Quarterback Quinn Ewers looks for a receiver during Texas' game against Florida on Nov. 9, 2024.
Texas football vs Arkansas Live Updates
Wide receiver DeAndre Moore Jr. celebrates a play with deep snapper Lance St. Louis and defensive back Warren Roberson during Texas' game atVanderbilt on Oct. 26, 2024.
Texas Longhorns Football vs. Florida Gators: Live Coverage
Young Asians Represent Festival
University professor Jenifer Sarver analyzes the live election polls on Nov. 5, 2024.
Photo Gallery: Election Day
Menu
Activate Search
Official newspaper of The University of Texas at Austin