Monday, February 4th, marked the day the Canadian penny was withdrawn from circulation.
Choose 2 questions and complete the research neccesary to answer each question. Post your answers.
What is the penny made of?
Why is the penny no longer being made?
What does this mean to consumers?
What does this mean to buisness owners?
Give an example of a price that would round up.
Give an example of a price that would round down.
How long to people predict the penny will stay in circulation?
How many pennies are in $1.00, $100.00, $1000.00 and $1.000 000.00?
When the penny goes, will the expression “a penny for your thoughts” be meaningless? or the expression “a penny saved is a penny earned”?
Click the green button to read more about the end of distribution of the Canadian penny. After you read the article, respond to both questions.
By Jonathan Tilly
The government of Canada has explained how stores and companies will be asked to round their cash sales. Do you think this is a good way to phase out the penny? Do you think that there is a better solution? If so, what is it and why is it better? If not, why not?
Reading Prompt: Extending Understanding
Today’s story ends with the recolections (memories) of many people who grew up saving and spending their pennies. What memories do you have of saving or spending your pennies or coins?