In an effort to cut costs, the Canadian government released its 2012 budget Thursday without any money designated to fund the Canadian penny. The penny’s costs have finally grown so high that the government has realized it just doesn’t make sense to keep the 1-cent coin going. Does any of this sound familiar?
The Canadian Penny is no longer being minted because it cost 1.6 cents to be made. I think the penny should be minted because it will be weird rounding up. But what do you think?
Read more about it Here.
Replies
I think that this is awesome! everybody hates pennies anyway. I think that America needs to do this next.
I honestly think penny's are pointless, and they just get in the way. Their a pain to handle and there everythwhere. I am honestly not surprised and I hope the American penny is next.
i think we need to get rid of our pennys too! They are a waste! 1 cent doesnt do much!
It was a good idea to stop making it if it costs more to make it then what it is worth. But now it will be hard to round up.
It will be very weird for sure. I wonder if their is enough pennies in circulation right now to keep up with paying for things that do require pennies. I doubt it.
I think that the penny is kind of a safety net. I think that it would be a very smart way to save money.
Well I think we should do that! I really don't like pennies so I think that's pretty convenient.
The penny is used a lot but if it costs more to make the penny than its actually worth were spending money that we arent getting back. Stores will probably round up to dollars instead of using things like $.99. I think it was a good way to save money for their country.
I think this makes sense.. I wouldn't be surprised if the United States was to follow.. costing more to make a penny than a penny's worth? Makes no sense.. so can people use pennys still? or no? I think this is a smart way to save money.
The penny is used way more than people think. How else are people going to give me odd change numbers? Well unless they want to pay me more then i should be given. I wont take less though.