When was the Canadian penny discontinued?
The Canadian penny, reached peak production in 2006 when more than 1.26 billion pennies were minted. The last penny was minted in Winnipeg on May 4, 2012.
Ottawa estimated that it lost $11 million a year producing and distributing the penny, not including the costs and frustrations for businesses and consumers that use them in transactions.
The Royal Canadian Mint ceased distributing them as of February 4, 2013. However, like all discontinued currency in the Canadian monetary system, the coin remains legal tender.
More Info:
en.wikipedia.org
What are your thoughts on this subject?
16 Comments
Donald McBurney
i was in florida in 2008 and i remember commenting to the clerk that in canada we didn't have pennies anymore.it was the last time i was in florida so they better check their dates.
Anne Micheline Pivin
it is suppose to be on may 12, 2012, officicially.
Rick Greenwood
Jim F the finance minister Did us all a favour
Ellie Zucchiatti
Harold Naidu, You can keep them or wrap them up and bring them to the bank.
Ilias Tsiabardas
February 4 2013 Got it right because I live in Canada and I remember that one
Agnes Forder
There are no pennies in circulation in Canada. The stores 'round' up or down when they give change.
Cari G.
Congratulations to one of our newest authors, Pat Askew!
Diane Lynn Kinsman
Guess my May was wrong aka day. So Feb 2013.
Diane Lynn Kinsman
Caroline Wolter Hall, in a way my May 2012 is right. But wrong.
Ronald Filkowski
the banks still deal with the one cent
Caroline Wolter Hall
Todd Cates, but "minting" and "distributing" are two different processes.
Caroline Wolter Hall
Allan Dowton, the question and answer are not incorrect. Production of the penny ceased in May 2012, but the Royal Canadian Mint stopped distributing them as of February 4, 2013.
Caroline Wolter Hall
Harold Naidu, see my answer below
Harold Naidu
What happen to the pennies i have
Anita Clark Morton
I knew the answer to this one, because we had a beloved sister/cousin named Penny. Our Penny passed away in 2013, and a reference was made to the coin penny at her funeral