End of the Penny.

A cabinet order has given Finance Minister Jim Flaherty the authority to pay financial institutions for the mountains of pennies they'll begin to return to the Royal Canadian Mint early next year.

A new analysis of costs shows that redeeming the mountain of circulating pennies beginning Feb. 4 will cost taxpayers about $7.3 million a year.

 

Read More: http://www.ctvnews.ca/canada/in-last-days-of-penny-businesses-get-ready-for-change-1.1082660#ixzz2Gk7OET27

 

Thanks Joe Y