Canada will give up on the penny this year, a step that has been thwarted in the United States. The penny will still be accepted in Canadian shops, but it will gradually become extinct as ...

TORONTO — Canada has begun phasing out its penny, whose production costs now exceed its monetary value. The Royal Canadian Mint on Monday officially ended its distribution of one-cent coins to ...

Canada did away with its one-cent coin more than a decade ago. It could offer insight into what the U.S. may be on the verge ...