Posted on 03/07/07
Lose the loose change? Bank study proposed dropping penny
Canada should have ditched pennies by 2005, a Bank of Canada study suggests.Some economists have publicly been calling on the government to get rid of pennies, saying they are more hassle and expense than they are worth. A report this year by Desjardins Group economists suggested the one-cent coins are costing Canadian society at least $130-million annually.
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