Website review: Will Canada go Penny-less? - Will A...
Ikahtree discovered this in Canada
•2 reviews since Apr 15, 2008
canada
•lilith-ezine.com/articles/politics/Penny-less...
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UkendtBruger rated 3 months ago- This page covers two issues: Whether Canada should ditch the penny and whether the US should add a $1 coin As for ditching the penny, I'd vote yes: If it's a piece of history, we don't need jars full of pennies; a handful should do. If it's an economic decision, it makes sense _not_ to pay millions every year to keep making more pennies - because we 'collect' them in those jars at home until we have 'enough' to spend. My 2 cents :-) Adding the US $1 coin seems to make sense economically. People could hang onto their one dollar bills if it's 'part of history'. As an example, Canada no longer has either a one dollar bill nor a two dollar bill in circulation. They have both been replaced by coins, the loonie and the toonie, respectively. Don't laugh. That's what they're called here. That's the rest of my 98 cents :-)
- tbhurst rated 3 months ago
- From the page: "Eliminating the penny would cause little or no inflationary effect, and in some cases might cause prices to fall, says a draft report written for the Bank of Canada"
