Canada’s last penny was struck Friday at The Royal Canadian Mint’s manufacturing facility and will become a museum piece as the one-cent coins are withdrawn from circulation. “For over a hundred years, the penny played an important role in Canada’s coinage system,” said Finance Minister Jim Flaherty. “Although the cost of producing the penny now outweighs its value to Canadian consumers and businesses, it has had a long history that is worthy of recognition.” The last penny struck for Canadian circulation will be entrusted to the Currency Museum of the Bank of Canada in Ottawa, he said. Flaherty announced in March ... (full story)