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World NewsCanada begins phasing out its pennyCanada started phasing out its penny, the nuisance coins that cost more than their 1-cent value to produce. The Royal Canadian Mint on Feb. 4 officially ended its distribution of pennies. While people may still use pennies, the government has issued guidelines urging store owners to start rounding prices to the nearest nickel for cash transactions. The coins, which feature two maple leaves and Queen Elizabeth II, will remain legal tender until they eventually disappear from circulation. (AP)
Shukan ST: FEBRUARY 15, 2013 (C) All rights reserved |