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

Canada Gets Rid Of The Penny.

Posted: April 2, 2012

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.


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

More from Most Watched Today:
Veterinarian Sits In A Hot Parked Car For 30 Minutes To Show How It Affects Pets
'What Does The Fox Say?' Christmas Light Show
Clever Interactive Subway Ad Features Woman's Hair Blowing Around Whenever A Train Arrives
The Story Behind The Most-Viewed Photo In The World, The Windows XP 'Bliss' Wallpaper
GoPro Camera Captures What Goes On Inside A Running Dishwasher
This Is What Happens When You Boil A Bottle Of Coca-Cola
Supermarket Sells 'Inglorious Fruits And Vegetables' To Fight Against Food Waste
Kickstarter Aims To Build Giant Hamster Wheel For Felines
Brilliant Recycle Bin Turns Bottles Into Food For Stray Cats And Dogs





Most Watched Today

Subscribe to our daily email