Pennies are shown in Ottawa on Thursday, March 29, 2012. The humble one-cent piece is set to disappear from Canadian pockets, a victim of inflation. Thursday's federal budget said the Royal Canadian ...

TORONTO — They clutter your dresser and cost too much to make. They're a nuisance and have outlived their purpose. Finance Minister Jim Flaherty was talking about the Canadian penny and why the Royal ...

TORONTO — Canada has announced it is scrapping the penny. The humble one-cent piece is set to disappear from Canadian pockets, a victim of inflation. Canadian Finance Minister Jim Flaherty announced ...

Next month, Canada will withdraw its penny from circulation, and already there is talk in Canada of withdrawing the nickel, though if Canada keeps the quarter, there will be a demand for (if not an ...

Stacey Vanek Smith: Canada is ending the penny. The penny coin is going to be taken out of circulation later this year. The Finance Minister said the cent cost too much and is annoying. Pat Martin is ...