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Farewell to the lowly penny

Does a penny for your thoughts now cost a nickel?

Is penny wise and pound foolish now nickel wise and kilo foolish?

Monday marked the end of the penny in Canada as banks no longer will issue this historic piece of Canadian money. Since 1858, the coins have jingled in everyone’s pocket.

More recently, though, many Canadians have chosen to leave the penny behind. In fact, few today would stoop to pick up what once was known as a “lucky penny” (it is just too much work).

The penny today costs more to create than its value.

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