CBC: Canadian Mint's last penny produced tomorrow
Canada's last penny will be made Friday morning in Winnipeg.
The Royal Canadian Mint will make Canada's last penny tomorrow at its Winnipeg plant. Federal Finance Minister Jim Flaherty will be on hand for Friday's ceremonial coin strike to mark the end of production of the one-cent coin for Canadian circulation.
Flaherty announced in his budget last month that the government is eliminating the penny from Canada's coinage system, citing low purchasing power and rising production costs. The government will phase the penny out starting this fall, when the Mint will stop distributing the coin to financial institutions.
Over time, that will lead to the penny effectively becoming extinct, although the government has noted that one-cent coins will always be accepted in cash transactions for as long as people are holding on to them.
As well, credit, debit and cheque transactions will be unaffected, so one cent will be the base unit of Canadian currency.
http://www.cbc.ca/news/canada/manitoba/story/2012/05/03/mb-last-penny-mint.html
Can the demise of of our penny be far behind?