May 21, 2013

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Reporter: CBC News/CNN

Canada Sacks The Penny!

Pennies may be lucky but they are being shown the door in Canada.

As of today, the Royal Canadian Mint is no longer distributing the copper-colored coins.

One cashier says she's pleased with the change.

The penny is being retired because it costs one-point-six cents to produce.

Government officials believe they can save 11 million dollars a year by getting rid of the coins.

Even though they are no longer being distributed, pennies can still be used for purchases or exchanged at banks.


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