Most Watched Today Canada Gets Rid Of The Penny. [VIDEO] - Most Watched Today

Canada Gets Rid Of The Penny.

Canada has announced they will begin to withdraw the Penny from circulation beginning fall 2012. The reason for the change is that Canada loses $11 million each year supplying pennies to the economy. To cope with the new change Canadian prices will either round up or round down to the nearest $.05 when paying with cash. Paying with check or card the price will remain the same. Other countries that have already abolished their low-denomination coins include Australia, Brazil, Finland, Israel, Netherlands, New Zealand and more. Colin Grey has created ‘Death To Pennies‘ which explains why the penny should also be abolished in the United States.

Follow Most Watched Today on Facebook and you will always have the best online videos.

Tags: , , , , , , , , , , , ,

In Case You Missed It
How To Open A Can Without A Can Opener
Amazon's CEO Jeff Bezos Unveils Flying Delivery Drones On '60 Minutes'
Hennessey Venom GT Sets New Record For Fastest Car In The World
Clever Interactive Subway Ad Features Woman's Hair Blowing Around Whenever A Train Arrives
Kids React To 'Old-Fashioned' Rotary Telephones
Drastic Photoshop Reversal From CollegeHumor Confirms 'Photoshop Has Gone Too Far'
Google Kicks Off April Fools' Day Early With 'Google Maps Pokémon Challenge'
The Story Behind The Most-Viewed Photo In The World, The Windows XP 'Bliss' Wallpaper

Follow Most Watched Today

Subscribe to our daily email