Cryptocurrency Q&A
What happened to the Canadian penny coin?
What happened to the Canadian penny coin?
Maria
Sat Feb 15 2025
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7
answers
1746
I heard that the Canadian penny coin is no longer in circulation. I want to know what exactly happened to it. Did they stop minting it? And if so, why did they make such a decision?
7 answers
Michele
Mon Feb 17 2025
Despite the penny no longer being in circulation, it will continue to serve as the smallest unit of currency for pricing.
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Nicolo
Mon Feb 17 2025
The Royal Canadian Mint has made a significant decision regarding the penny coin.
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SejongWisdomSeeker
Mon Feb 17 2025
Consumers and businesses will still see prices ending in cents, reflecting the country's monetary system.
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TeaCeremony
Mon Feb 17 2025
For non-cash or electronic payments, such as cheques, credit and debit cards, and gift cards, transactions will continue to be settled to the cent.
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DigitalDragonfly
Mon Feb 17 2025
Starting from February 4, 2013, the circulation of the penny coin will cease.
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