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.
Most Watched Today
- ‘What Does The Fox Say?’ Christmas Light Show
- Compilation Of Scaredy Dogs Terrified Of Walking Past Cats
- Waffles The Cat Fails To Jump Off A Snow-Covered Car
- Compilation Of Jerk Cats Stealing Dog Beds
- Liquorville / Three Way – SNL Sketch with Justin Timberlake and Lady Gaga.
- Best Pole Dancer Ever – Jenyne Butterfly.
- Som Sabadell Flash Mob.
- Los Angeles Overreacts To .26 Inches Of Rain
- Compilation Of Cats Being Jerks And Knocking Things Over
- Helmet Camera Captures Firefighter Bringing A Tiny Kitten Back To Life
- Young Man With Down Syndrome Reacts To Receiving College Acceptance Letter
- United States Air Force Band Surprises Museum-Goers With A Holiday Flash Mob
- 16-Year-Old Sings Pitch-Perfect Rendition Of Elvis Presley’s ‘Blue Christmas’
- ‘Fast & Furious’ Pays Tribute To Paul Walker With Touching Video
- Three-Week-Old Husky Puppy Howls For The First Time