Tag Archives: money

It doesn’t make “cents” to keep the penny

February 25, 2007 – 4:02 pm

 A new study says it doesn’t make ‘cents’ to keep the penny. In fact, only 37 per cent of Canadians still use the coin for purchases, found a survey conducted by Desjardins Group. According to economists with the group, there are about 20 billion pennies in circulation — amounting to about 600 per Canadian. But [...]

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A $1,000,000 coin?

February 10, 2007 – 3:05 pm

OTTAWA (AFP) – The Royal Canadian Mint will soon unveil a gold coin worth one million Canadian dollars (850,000 US dollars), an official told AFP. But the valuable loonie, a sobriquet given to Canadian one-dollar coins, will not go into circulation, said mint spokeswoman Pam Aung Thin.”It’s a new denomination for us,” she said. “However, [...]

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