Canada Sacks The Penny!

By: CBC News/CNN
By: CBC News/CNN

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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