World Wires

The Miami Herald >  News >  World >  World Wires

Canada begins phasing out penny Feb. 4

 

By Dave Gallagher

Bellingham Herald

Next week Canada will take another step in phasing out its penny.

After Monday, Feb. 4, the Royal Canadian Mint will stop distributing Canadian pennies. Canadian businesses handling cash transactions are being encouraged to round transactions to the nearest nickel. Transactions paid for by check, credit card or debit card won't be subject to rounding, according to a news release from the Royal Canadian Mint.

Pennies still can be used in cash transactions with Canadian businesses that choose to accept them.

The elimination of the penny is expected to save Canadian taxpayers around $11 million a year.

Read more World Wires stories from the Miami Herald

  • Star-studded party for Israeli president's 90th

    Israeli and global leaders, local celebrities and Hollywood superstars celebrated under one roof to honor Israeli President Shimon Peres for his upcoming 90th birthday.

  • Gunmen and followers of hardline Sunni cleric Sheik Ahmad al-Assir pass in front of Lebanese army soldiers in the southern port city of Sidon, Lebanon

    Sunni-Shiite violence hits Lebanese city of Sidon

    The Lebanese city of Sidon exploded into widespread street violence Tuesday afternoon as supporters and opponents of the militant group Hezbollah traded artillery and small arms fire in response to an attack on a prominent Sunni Muslim opponent of the Shiite Muslim group, according to senior security officials and witnesses. At least one person was killed and nearly a dozen wounded, according to Lebanese security officials.

  • British Prime Minister David Cameron speaks during a media conference at the G-8 summit at the Lough Erne golf resort in Enniskillen, Northern Ireland, on Tuesday, June 18, 2013. The final day of the G-8 summit of wealthy nations is ending with discussions on globe-trotting corporate tax dodgers, a lunch with leaders from Africa, and suspense over whether Russia and Western leaders can avoid diplomatic fireworks over their deadlock on Syria’s civil war.

    G-8 NOTEBOOK: Cameron Tweets WWII bomb at G-8 site

    Well, that was close. Or was it? Shortly after wrapping up one of the most peaceful Group of Eight summits in recent memory, Prime Minister David Cameron let a cat out of the bag.

Miami Herald

Join the
Discussion

The Miami Herald is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

The Miami Herald uses Facebook's commenting system. You need to log in with a Facebook account in order to comment. If you have questions about commenting with your Facebook account, click here.

Have a news tip? You can send it anonymously. Click here to send us your tip - or - consider joining the Public Insight Network and become a source for The Miami Herald and el Nuevo Herald.

Hide Comments

This affects comments on all stories.

Cancel OK
Web Search powered byYAHOO!SEARCH
Search: Horoscopes | Comics & Games | Data Sleuth

  • More World Wires

  • Videos

  • VIDEO


» More video

  • On Facebook

  • Quick Job Search

Enter Keyword(s) Enter City Select a State Select a Category