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 […]
Tag: money
A $1,000,000 coin?
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, […]
