[New post] Canadian Penny is Being Phased Out in 2012

New post on Laughing Squid Canadian Penny is Being Phased Out in 2012 by EDW Lynch The Canadian government has stopped funding the production of the Canadian penny, and will withdraw them from circulation later this year. Each Canadian penny was costing the government 1.6 cents to produce; eliminating them altogether will save an estimated 11 million Canadian Dollars. The American penny, by contrast, costs 2.4 cents to produce. via National Post photo via Royal Canadian Mint EDW Lynch | March 30, 2012 at 4:55 pm | Categories: Canada, Money | URL: http://wp.me/p4t6s-CAa Unsubscribe or change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: http://laughingsquid.com/canadian-penny-is-being-phased-out-in-2012/