I didn’t realize this was happening so soon, but after Monday, Feb. 4, the Royal Canadian Mint will no longer distribute pennies, saving the government about $11 million a year. Details are in this (link).
Canadian businesses are being instructed to round to the nearest nickel. In looking at various articles in Canadian media, it looks like many residents are on board with this idea. Here’s a (link) to one of the surveys. Interestingly, according to this survey, 60 percent are opposed to the idea of eliminating the nickel.