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Canada Phasing Out Pennies

By: WROC-TV
Updated: February 5, 2013
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Pennies have been shown the door in Canada.

Starting this week, the Royal Canadian Mint is not longer distributing the copper-colored coins. The penny is being retired because it cost 1.6 cents to produce. The Canadian government believes they can save $11 million a year by getting rid of the coin.
   

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