Across Canada a beloved and familiar face is silently disappearing. Everyday transactions in shopping centers and banks are slowly feeding a systematized extinction unnoticed by most. The object of destruction: the Canadian penny. -- via PBS NewsHour
Today is a new day in Canadian specie, being the last day that the Royal Canadian Mint will distribute the penny. Cash transactions will now be rounded to the nearest $0.05. CBC posts an obituary. [more inside]
Canadian Tire Company coupons, thought of by some as an alternative Canadian currency, may be on the way out. [more inside]
A new initiative recently proposed by the Royal Canadian Mint proposes to create the MintChip, a digital currency that’s similar (to BitCoin), but is backed by the Canadian government. Aiming to become “the digital equivalent of the coins we use every day,” in the Canadian Mint’s own words, the MintChip will target micro- and nano-transactions conducted both online and offline, whether at the physical point of sale, on mobile devices, or among peers. Via
It's smooth, it's stretchy, it's waterproof - Canada's new currency feels a lot like the celluloid film you used to load into your old-fashioned camera. [more inside]
It's all about the Bordens. The Bank of Canada unveils its new series of polymer bank notes. Because no one wants soggy bills when you're makin' it rain.
For the first time in their freely-traded history, the Australian Dollar, the Canadian Dollar and the US Dollar are all within a penny of parity.
Updatefilter: Apparently a poppy was the cause of espionage accusations. As reported here on the blue, some US contractors were apparently freaked out by a novel Canadian coin which featured a red poppy. The coin was issued by the Royal Canadian Mint, an organization that makes Canadian cash as well as currencies for other countries. The Mint, which is definitely worth a tour if you're in Ottawa, won an award for the coin. The coin was issued to honour Canadian war dead; the poppy is the symbol of the Royal Canadian Legion.
Behold the answer to the Canadian Change conspiracy.
A common dollar for Canada and the U.S.? With the Euro unit of currency slowly coming into common use, it's only natural for other continents/countries to follow suit. How would this affect the national identity of Canada? Is this a sensible thing to do? What are the benefits and deficiencies of such a plan?