Penny (Canadian coin) - Wikipedia
Attempts to abolish the penny began in the late 20th century but were initially met with resistance as they were considered a necessity to pay provincial sales taxes. Money had been lost in …
The US could ditch the penny: What happened when Canada did it?
Feb 16, 2025 · Canada parted ways with its penny in the early 2010s for the same reasons the U.S. has expressed regarding its penny. At the time, however, it cost 1.6 cents to produce one …
There are no pennies in Canada. Can DOGE achieve the same feat?
Jan 24, 2025 · Although Canada eliminated the production of physical pennies, the concept of a single cent remained legal tender.
Whatever happened to the penny? A history of our one-cent coin.
Aug 21, 2025 · Did you know, Canada has never issued a penny? Canadians (and Americans) have been referring to their one-cent pieces as pennies for as long as these coins have been …
U.S. kills the penny. Will Canada end the nickel next?
May 29, 2025 · After decades of debate, the United States is following Canada’s lead in eliminating the penny. While the move will have little impact on Canada, anyone saving U.S. …
Rounding up trouble: How the disappearing penny affects sales …
Dec 17, 2025 · The U.S. isn’t the first country to phase out a legal tender. Canada stopped producing its penny on May 4, 2012, and stopped circulating the penny on February 4, 2013.
The penny's days are numbered: What the change means for your …
Oct 22, 2025 · CU Boulder finance expert explains the phaseout, rounding rules and what the end of the penny means for consumers.
Why is the U.S. Treasury Discontinuing Penny Production?
4 days ago · What Happens Without the U.S. Penny? This isn’t the first time in modern history a country has abandoned its penny. Canada phased out pennies in 2012, but the U.S. pennies …
Ten Years After: The Legacy of the Penny - The Royal Canadian Mint
May 4, 2012 · When the late Jim Flaherty, Minister of Finance, activated the Winnipeg coining press that struck Canada’s last penny on May 4, 2012, a door seemed to permanently close …
No Pennies Allowed: Canada’s Controversial Coin Ban
Did you know Canada banned the penny in 2013? Discover why the government phased out the one-cent coin, how it affects transactions, and the legacy of this unusual law.