Canada officials have made the cost-cutting decision to start phasing out their penny -- could Abe Lincoln be next? The Royal Canadian Mint on Monday officially ended its distribution of pennies to ...

The United States is experiencing a shortage of pennies after President Trump decided to stop their production earlier this ...

Canada-- It appears that the penny has become worthless in one country and by the end of the year, you'll be hard spent to find one. Last week, Finance Minister Jim Flaherty of Canada said the Royal ...

(NEXSTAR) — Weeks after the Department of Government Efficiency (DOGE) set its sights on the penny, President Donald Trump called on the Treasury Department to stop minting new one-cent coins, calling ...

The age of exact change might be coming to an end faster than we thought. As penny production officially halts across the ...

TORONTO (AP) -- They clutter your dresser and cost too much to make. They're a nuisance and have outlived their purpose. Finance Minister Jim Flaherty was talking about the Canadian penny and why the ...

Forbes contributors publish independent expert analyses and insights. Your home for independent, unbiased financial education on the web. Saving pennies in a piggy bank may be fun for children, butfor ...

A famous American, Benjamin Franklin, is credited with coining the phrase “A penny saved is a penny earned.” And though no one famous is taking credit for it, in Canada, they’ve turned that around: “A ...

The Royal Canadian Mint said this week that it would phase out the one-cent penny by this fall, “citing low purchasing power and rising production costs,” according to CBC News. Don’t expect that to ...