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Canada penny news Videos

BREAKING NEWS Canadian government stops distribution of penny coin - LAST DAY for the PENNY

2-4-2013 The end of the penny! Retailers are being told to round to the nearest nickel. The Canadian penny is being withdrawn from circulation. Did you ever ...

User Comments

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How will we pay for things in amounts not ending in a zero or a five? The 2012 federal budget states: "The government expects that businesses will apply rounding for cash transactions in a fair and transparent manner." The rounding will not be done on single items but on the total bill of sale. If the price ends in a one, two, six, or seven it gets rounded down to 0 or 5; and rounded up if it ends in three, four, eight or nine. Businesses will not need to adjust their cash registers.
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who will benefit from not making the penny, cashiers will take less time, gov will save costs of manufacturing and distribution ,every thing is always 1.99, 9.99, the business will round up[ costs going up] you make interest at your bank they wont be able to credit your account $45.23, probably will be $ 45.20, someone will be collecting all those penneys ?
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I'm waiting for the time when we "tax coins" or something...some worthless coin just for taxes and then they will round everything to the nearest 25 cents...they will remove the nickel = too big and not worth enough, dime = too much value for being so small...quarters and paper only with tax coins and gas will be 10 per gal.
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pretty big news though wouldn't you say. I mean with the state of our world currently, this is major event no? To be able to say you were alive when they stopped making the penny...!! would be like talking to someone who was alive when they created the Lincoln cent in 1909!! IMO :)
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When I was a kid, you could buy penny-candy. Now, it costs more to make a penny than its face value. It's called inflation, and is part of the Rothschilds' Zionist Bank-sters' agenda. The demise of the penny is a symptom of this disorder...
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I want to empty my penny jar. How many pennies can be used for a purchase? The Currency Act states: "A payment in coins … is a legal tender for no more than … 25 cents if the denomination is one cent."
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In Canada we already have plastic money which is replacing the paper money. It's so thin, that two $20 bills together feels like one. You've got to be real careful when checking how many you've got.
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The US hasn't been able to part with their paper one dollar bill, so the penny will remain. As for Canada, the penny should of been rid of 20 years ago when we got the loonie. Good riddance, penny.
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What's a penny worth? The government says it costs 1.6 cents to produce each penny. Adjusted for inflation, an 1870 penny would be worth about 31 cents today.
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My favorite coffee shop Tim Horton has already started rounding up or down to the nearest nickel. 1.86-1.87= 1.85 1.88-1.89 = 1.90
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What about non-cash sales? Cheques, credit and debit cards and electronic transactions will continue to be settled to the cent.

Canadian Penny & Inflation

So Long Canadian Penny news article //news.cnet.com/8301-17938_105-57407213-1/so-long-canadian-penny-i-wont-miss-you/ Inflation Calculators Used: ...

User Comments

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You need to watch "The Crime that is Canada`s Banking System"on YT by Bill Abrhams.He quite clearly explains that the Bank of Canada was brought into being after Gerald Gratton McGeer threw the criminal banksters out,formed the BofC which printed money for the Gov at 0% interest.That money was spent into circulation through building the CN RR,The S.L. Seaway,Schools,Hospitals etc..We need to do that again...no one in Gov has the balls though!Watch the 4 videos,they`re great info!!
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I won't get into what I would call my "breaking point" publicly. I've been very much aware for many years just what is taking place. From the Police protecting private interest first and foremost to having to provide every detail of the transaction to purchase a money order. Unfortunately,we're still the minority. We will never unite here in Canada for the simple fact that multiculturalism does not work. So,for the time being,a cashless society would be the last straw for me.
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NZ used pounds, schillings, etc until the 1960s, when they moved over to the NZD, a decimal system like we've used in Canada and the USA for generations. Good video Derek, thank you. We're being moved toward a cash-less world, where people who want to use real currency or money will be the terrorists. If you don't want your entire life tracked and managed for you, you're a bad person. Sick.
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Amazingly, it was even more creepy than that. There was no Bank of Canada during WWI (it did not come into existence until the mid-1930s), so the government just allowed the major banks in Canada to issue notes that were irredeemable in gold. They allowed the banks to back the notes with the securities that they had on hand, mainly railroad securities!
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We Australians lost our 1 and 2 cent pieces years ago and since then my life has been a misery. I lay awake for hours pining over those little coins. Take my advice Canada don't lose your 1 cent coin otherwise your life will no longer be worth living. 1.2 million Australians committed suicide when the coin was fazed out, it was that bad.
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Hello. The vast inflation in Canada from 1914-1920 was due to WWI. On the eve of WWI in August 1914 Canada went off of the gold standard, which allowed banks to issue notes that were not redeemable in gold in order to pay for the war. The US Federal Reserve did not really have that much of a role on this event. Keep up the great videos!
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My supplier of tin tried buying £2million worth of 2pence pieces. He was going to export it to be melted down and profit off the scrap price. The bank said no obviously but he also told me he got the idea from seeing millions of copper coins exported to UK to be scrapped. I think they were being scrapped from India but not sure.
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I find the author of this article hilarious when they mention that cashless tender would be safer. I have had my bank account raided twice and interestingly enough ever since I got a card with that stupid chip in it. I have never been held up or robbed or even pick pocketed.
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No need in dropping the penny!! I have found a greater waste to cut first!! Over a period of 64 years (including the 2013 budget request), the U.S. has given Israel more than $115 billion in military and foreign aid, which averages out to about $4.9 million a day.
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Twice before, in Europe, I've seen it. They mess with the penny first and all hell breaks loose in the prices. Just another way to screw us some more. Canadians are saps and push-overs. We are going to get so reamed. Going to be a nasty end of Summer.
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I love the "well you can only carry so much gold" arguments against a gold backed currency. So many idiots out there it kills me. Credit cards are gold and platinum for a reason!

why EVERY copper penny is now worth at least 5 cents!

Copper!! :) I'm not any less interested in silver or gold, but copper has been interesting me a lot lately. Learning more about topics like coinage, semi-precious ...

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Skip to 6 min 50 seconds.
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Metal detector. :) pennies are as common as the grass they were lost in. I'm in Texas and even here I find the occasional Canadian penny. Plus you may find other items that retain their value, like silver and gold :) Now that the coins have collectible, even a cheap detector would be worth having. As they get scarce, it will be a windfall for people with a pile of change in a jar.
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+docchocobo really? In Texas. Cool. I find American coins sometimes when i get change from the store. And then other stores tel me they dont accept it. smh lol Its worth more then our money lol
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Our country still has pennes
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+jack bower Zinc*
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+Jim Snare zink
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Fuck Canadian Pennies. You can have mine. They've been pissing me off my entire life in America.
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Haha thats the most aggression I have ever seen come from Canada.
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More like fuck your american pennies you ignorant cocksucker.
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Send them to me I'll be happy to have them.
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I warned them. I told them this generation was fucked. They didn't listen.
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+Guy Fawkes This generation was fucked when a leaf fell on the grass.
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I have Canadian pennies from 1960 to 1999 I don't know if that's all that important though.
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any penny after 1964 isn't worth keeping
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Paper money is not worth anything so it does not matter that much
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It will only matter until the collapse, then it is really worthless.

Canada kills its penny

Canada has eliminated the penny and merchants will now round sales to the nearest five cents in cash transactions.

User Comments

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The fiat currency system is causing this hyper inflation because the money is debt created. Getting rid of physical currency is never a good idea.
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Not so smart, they also want to get rid of the nickel.
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It's smart because it costs seven cents to make.
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Even Better. Smart
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Why is it smart?

Coins : Canadian Penny 1945 Coin aka "one-cent piece" or "George VI Penny"

Coins : Canadian Penny 1945 Coin aka "one-cent piece" or "George VI Penny" Canadian Penny from 1945 ¡Important Note! : The Canadian government has ...

User Comments

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I FOUND A GEORGE VI 1940 ONE PENNY AND ON BACK IT HAS BRITANNA AND IT'S AS BIG AS A HALF A DOLLAR!!! IF ANYBODY CAN TELL ME MORE ABOUT THIS COIN!!!! AND IT'S WORTH? GEORGE HEAD ON ONESIDE AND BRITANNA ON THE OTHER!
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What is the significance of this coin? I found one in my change and figured WWII era coins ought to be worth something. I also found a 1946 silver quarter.
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awesome I just went to the store in California and got some change back and this 1945 Canadian coin was part of my change.
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God Save The Emperor Of India!!!

Looter News: Playstation Turns Twenty, Lucky Teen Day Trader Gets $300,000

Get Loot Crate: //bit.ly/grabsomeloot In today's Looter News, we celebrate Sony Playstation's 20th birthday and take a look at Connor Bruggemann's success ...

User Comments

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Hi lootcrate! Who won the xbox one halo edition competition? (You used gleam to host it) Thanks, -1lokan
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It was on that site
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I officially feel old now. I remember when I got my first Playstation with the game Oddworld... Loved that game.
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That's ok, I was just starting college when the PS1 came out.
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it's a cute idea, but the scheme looks weird. I definitely prefer black consoles. Happy 20th, PlayStation.
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not old? I am 32, honey.  I'm not saying the original PlayStation is a bad system, just that the classic scheme looks funny on the PS4. If Nnitendo tried to put the classic scheme on the Wii or Wii U, I think that would look silly, as well. The GBA and DS, on the other hand, it looks pretty sweet. I have good memories of playing PS1 and 2 games, but I would not run out and buy this based on nostalgia.Good for you and those who are into this scheme, I have no issue with that, but it is my opinion that it looks silly.
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Your not old than.... the first playstation is by far the best one sorry but its. True and its awesome the have a limited edition ps4 with the color scheme im definitely gonna get me one
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Who won i wont show me. Praying it was me
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Sounds like annotations might be acting a bit buggy.  We've also posted the winners in the description as well.  Will be selecting NEW winners this Friday!
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If I didn't already own a PS4, I would be all over this limited edition console. I honestly just hope that one of my friends nabs it in time so I can bask in the beauty in person!
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Haha same :))
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I got my first loot crate this month and loved it! Did an unboxing of it as well!
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+Loot Crate I'm pretty pumped for december's crate!
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Nice! Glad to hear you enjoyed your experience!  We definitely have some great items for December's crate coming your way!

Coins : Canadian Penny 1942 Coin aka "one-cent piece" or "George VI Penny"

Canadian Penny from 1942 ¡Important Note! : The Canadian government has stop making the penny in a way to save money. The Government says its to ...

User Comments

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I found one of these as I was sweeping the house today. I am simply astonished that there was a video dedicated to this particular coin. So, it's worth what? 3 cents? LOL. Have a blessed day, and thanks for taking the time to upload this.
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I get alot of George VI pennies and nickels in my change in Canada now it looks likei will just get George VI nickels in my change now the penny has been retired
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i came across a 1942 canadain penny through makeing change buying something to eat at a restruant perfect condotion colectible quality
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they are worth more than 3cent if graded

Alexandra Kennedy News Story: The Penny is Gone

Courtesy of Global News Okanagan* March 2012, Global News, Kelowna BC Alexandra Kennedy reports on Canada getting rid of the penny, and whether ...
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