Coins have a certain way of leaving their mark in our lives. In my childhood, I have many memories that relate to coins from the times when I’d drop change into my piggy bank as I counted how much I’ve saved up to buying gum at a gumball machine.
But out of all the coins, I’ve probably have had the closet relationship with the penny. Oh how may times have I picked up a penny on the street or random places and smiled because it meant good luck? And how can I forget all the pennies I’ve tossed into a wishing pond? I’m definitely not the only one who has done this! So now that the Royal Canadian Mint has officially stopped producing Canadian pennies on February 4, 2013, the final days of Canadian pennies are here. They will no longer be distributed to banks and businesses.Why you ask? Well it costs more money to “make” the penny than the penny is actually worth! Also, getting rid of the penny means it saves Canadian taxpayers of about $11 million a year!
So what will they do with the pennies? They will melt the pennies down and recycle the metal. However, because there are so many out there still, for pennies to stop circulating around will take approximately three to four years! So stores will now round your cost up or down to the nearest nickel when you’re paying in cash! But this doesn’t apply when you’re paying with cards.
Some of the famous idioms of pennies:
A penny saved is a penny earned- means it is wise to save money
A penny for your thoughts- when someone wants to know what you are thinking about
What do you think of the decision to get rid of Canadian pennies – yay or nay? Share your thoughts, opinions, rants, and comments below!
Cheers,
Flora
INTERNeX International Exchange
Suite 200 – 211 Columbia Street
Vancouver BC -V6A 2R5-
Web: http://www.internexcanada.com
Phone: +1 (604) 662 8149
Email: pr@internexcanada.com
Have you ever been asked for a “loonie” and you had nooo idea what it’s supposed to mean? The first thing a foreigner should learn about the money here is that a $1 coin is called a Loonie, a $2 coin is a Toonie! There is an image of the common loon on the back of the dollar coin, which is a frequent symbol in Canada and the reason for the name “Loonie”. The toonie coin was introduced later and picked up this similar name in colloquial use.
Playland is planning on celebrating 100 years of fun this weekend! Never been to the PNE before, well then this would be the perfect time to check it out. And Vancouver’s local radio station the beat 94.5 is giving its listeners an amazing opportunity to show of your skills in their contest called the Playland Playoffs. All you have to do is text the word “PLAYLAND” to 945-945 and you will be eligible to be 1 of the 100 finalists to compete in a series of carnival games at Playland’s Opening Day on Saturday, April 24th!
INTERNeX Canada 