stackyFACTSUnlike the stubbornly nostalgic United States, Canada actually looked at the math and chose violence.
Unlike the stubbornly nostalgic United States, Canada actually looked at the math and chose violence. Realizing that manufacturing a one-cent coin cost 1.6 cents, the Canadian government simply killed the penny in 2013. Now, cash transactions are just rounded to the nearest nickel. The economy didn't collapse, society didn't implode, and they saved millions of dollars a year by abandoning a completely useless piece of copper.
Keep exploring facts in this topic.
Economy →STACKY FOR IPHONEKeep discovering with Stacky. Interesting facts in an app that is always within reach.
Producing a single United States penny costs the federal government roughly three times its actual face value due to the rising prices of zinc and copper. The…
Discover more
Why do we instinctively say 'Um' or 'Uh' when we suddenly lose our train of thought during a conversation?
Discover more
You finally master a tabletop strategy game, only to realize the publisher held back the best characters to sell separately in a tiny cardboard box.…
Discover more
Nothing drives a person crazier than finishing a thousand-piece cardboard challenge only to find a single empty hole. Companies fully weaponize this exact…
Discover more
Waiting two hours for a three-minute ride is not a flaw, it is a brilliant financial tactic. Parks make the baseline experience incredibly miserable so you…
Discover more
Paying your ex-spouse every month just to maintain their standard of living is the ultimate financial hangover. Court-mandated spousal support can completely…
Discover more