Today's the fateful day. After hundreds of years of faithful service, the penny is being sent into forcible retirement. Or killed off, if you like.
The move was announced in last year's budget as a - ahem - penny-pinching measure by the Federal government to help bring Canada's fiscal picture into balance. No more pennies means an annual savings of $11 million to the treasury, considering that it cost 1.6 cents for every one cent piece minted. Still, what we will save in pennies is about to cost us in headaches.
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