Penny Getting Reprieve

Tuesday, 31 July 2012 07:34

The penny is getting a last-minute reprieve, thanks to retailers. It will be around through the end of the holiday season. The Royal Canadian Mint, which stopped producing the coins in May, was originally expected to start taking the penny out of circulation by this fall. But retailers and other small businesses complained that the transition to a penny-free marketplace would be too much of a burden right before the busy holiday season. The penny will be finally killed off as a circulated currency on February 4th.

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