Canada penny

• TORONTO -- Canada has announced it is scrapping the penny. The humble one-cent piece is set to disappear from Canadian pockets, a victim of inflation.
(New York Daily News)
• Canada will withdraw the penny from circulation this year, saving taxpayers about C$11 million ($11 million) annually and forcing retailers to round prices to the nearest nickel, the government announced in its budget today.
(Businessweek)
• TORONTO — Canada has announced it is scrapping the penny. The humble one-cent piece is set to disappear from Canadian pockets, a victim of inflation.
(Lansing State Journal)
• The eligibility age for Canadas Old Age Security (OAS) benefits will rise to 67 from 65 starting in 2023, as part of the governments new budget. The budget outlines C$5.2bn (£3.3bn) in cuts, with reductions across defence, health care and agriculture.
(BBC News)
• The Canadian government plans to stop the circulation of the penny at the end of 2012 in an effort to cut costs. The copper-coated coin is more expensive for the Royal Canadian Mint to produce than its worth.
(International Business Times)
• Canadas government on Thursday announced its intention to withdraw the penny from circulation, saying it costs more to produce than its face value. Pennies take up too much space on our dressers at home.
(Fiji Live)
• OTTAWA - A penny-pinching Conservative government is loosening the reins on Canadas business community in a budget it says will position the country for unbridled commercial opportunity.
(globalnews.ca)
• TORONTO, Ontario (CNN/CBC) – Its the least valuable coin in your wallet, but would you miss the penny if it were gone? Its a reality Canadians will soon have to face now that the countrys government has decided to phase out the one-cent coin.
(WAFF)
• Canada is doing away with the penny. The Hamilton Spectator reports that the Royal Canadian Mint will strike its last penny in the fall. The announcement was made on Friday. The cost of minting a penny has risen to 1.
(The Business Journal)