National Post

With the penny on its way out, will Canada’s nickel be the next coin to go?s the penny is set to begin retirement next month, there are already calls to put the nickel out to pasture as well.The Royal Canadian Mint starts collecting one-cent coins on Feb. 4 for melting and recycling of the metal content, with some six billion pennies expected to be surrendered by Canadians over the next six years.And a former Bank of Canada economist says the nickel is also becoming obsolete, and should be next in line for retirement.“We see less and less people now … digging in their wallets for nickels,” Jean-Pierre Aubry said in an interview. (ThinkStock)

With the penny on its way out, will Canada’s nickel be the next coin to go?
s the penny is set to begin retirement next month, there are already calls to put the nickel out to pasture as well.

The Royal Canadian Mint starts collecting one-cent coins on Feb. 4 for melting and recycling of the metal content, with some six billion pennies expected to be surrendered by Canadians over the next six years.

And a former Bank of Canada economist says the nickel is also becoming obsolete, and should be next in line for retirement.

“We see less and less people now … digging in their wallets for nickels,” Jean-Pierre Aubry said in an interview. (ThinkStock)

Tagged with:  #news  #money  #currency  #coins  #nickel  #Canada
  1. carolol reblogged this from nationalpost and added:
    The U.S. also needs to get rid of pennies and nickles. I read somewhere that it costs around 2 cents to manufacture a...
  2. projektrevenge reblogged this from nationalpost
  3. outofshadow reblogged this from nationalpost and added:
    Good question. I wouldn’t mind having nickels gone too
  4. reactivecandy70 reblogged this from nationalpost and added:
    Penny on its way out…
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  8. invinoveritasinaquasanitas reblogged this from nationalpost and added:
    Yes please!
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