This Monday marked the end of production for the Canadian penny, Canada’s oldest form of currency. What does this mean for both consumers and businesses?
Say goodbye to the penny, hello to more cross border shopping and anyone over 54 should get ready to wait longer for their old age security benefit. The Federal Government has delivered a budget that can be described as slow and steady, with some unique changes weaved in. Finance Minister Jim Flaherty is cutting $5.2 billion in spending over the next 3 years in hopes that Canada can dig itself out of deficit by 2015.