The days of the copper maple leaf have come to an end. The Royal Canadian Mint has officially ended its distribution of the penny today. The move makes a lot of sense because it actually costed the government 1.6 cents to make each penny. Discontinuing the one cent piece will save the government approximately 11 million of our tax dollars each year. The Federal Government has also sent instructions to store owners to start rounding prices up or down to the nearest nickel for cash transactions while electronic purchases (such as debit and credit) will be billed to the nearest cent. Google Canada has paid homage to the penny today on its homepage.
The Seeker Newspaper is located at 327 Second Street E., Cornwall, ON K6H 1Y8 -- All rights reserved The Seeker does not accept responsibility for errors, misprints or inaccuracies published within. The opinions and statements of our columnists are not to be presumed as the statements and opinions of The Seeker, and should not substitute professional or medical advice.
ISSN 2562-1750 (Print) ISSN 2562-1769 (Online)