Canada’s eliminating the penny, a coin which I happen to like. (Seriously, why not get rid of the nickel instead?) Even worse, this is their reasoning:
“Pennies take up too much space on our dressers at home,” Finance Minister Jim Flaherty said in the text of his budget speech in Ottawa. “They take up far too much time for small businesses trying to grow and create jobs.”
Yes, because anyone in a job that requires them to count out change is the kind of person creating dozens of jobs. Sigh. I’d probably complain less if I thought the paltry $11million a year this will save would be put towards a (note: singular) social program, but no doubt it’ll just go towards Pierre Poutine’s federal pension.
via Canada Eliminates Penny Costing Penny-and-a-Half to Make – Bloomberg.