when did they stop making pennies in canada
Penny (Canadian coin) Production of the penny ceased in May 2012,[1] and the Royal Canadian Mint ceased the distribution of them as of February 4, 2013.[2] However, like all discontinued currency in the Canadian monetary system, the coin remains legal tender. Once distribution of the coin ceased, though, vendors were no longer expected to return pennies as change for cash purchases, and were encouraged to round purchases to the nearest five cents.[3] Non-cash transactions are still denominated to the cent.
Canadian dollar On September 28, 2007, the Canadian dollar closed above the U.S. dollar for the first time in 30 years, at US$1.0052.[31] On November 7, 2007, it hit US$1.1024 during trading, a modern-day high[32] after China announced it would diversify its US$1.43 trillion foreign exchange reserve away from the U.S. dollar. By November 30, however, the Canadian dollar was once again at par with the U.S. dollar, and on December 4, the dollar had retreated back to US$0.98, through a cut in interest rates made by the Bank of Canada due to concerns about exports to the U.S.