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The penny's days are numbered in Canada, as the Royal Canadian Mint has made its final one-cent coin. Federal Finance Minister Jim Flaherty and other government officials took part in a ceremonial coin strike Friday at the mint's coin production facility in Winnipeg, to mark the end of production of the penny. Wholesale jerseys "The humble one-cent circulation coin was a workhorse of Canadian commerce," Flaherty said, recalling the penny's introduction over 100 years ago. "Unfortunately鈥ver time inflation eroded the purchasing power of the penny and multiplied its manufacturing cost. "The time has come to make the sensible decision to end production of the coin which is underused by Canadians, no longer vital to commerce and ultimately a burden on Canada's balance sheet. cheap nike jerseys" Following a short countdown, Flaherty pressed a button on a machine that stamped the last penny, which tumbled out of the machine into an empty bowl. That last penny is going to a museum, officials told the CBC's Chris Glover. The last million pennies to be produced will be made available to the public as a special collector product, said Canadian Mint president and CEO Ian Bennett. custom personality jerseys Flaherty and Winnipeg Conservative MP Shelly Glover, the parliamentary secretary to the minister of finance, encouraged Canadians to donate their old pennies to charities like Habitat for Humanity. In March, Flaherty announced in the federal budget that the penny would be eliminated from Canada's coinage system, citing low purchasing power and rising production costs. cheap NFL jerseysIn part because of rising prices for the metals it's made of, it actually costs 1.6 cents to produce every penny. custom jerseysour website锛?a target="_new" rel="nofollow" href="custompersonalityjerseys">custompersonalityjerseysThe penny's days are numbered in Canada, as the Royal Canadian Mint has made its final one-cent coin. Federal Finance Minister Jim Flaherty and other government officials took part in a ceremonial coin strike Friday at the mint's coin production facility in Winnipeg, to mark the end of production of the penny. Wholesale jerseys "The humble one-cent circulation coin was a workhorse of Canadian commerce," Flaherty said, recalling the penny's introduction over 100 years ago. "Unfortunately鈥ver time inflation eroded the purchasing power of the penny and multiplied its manufacturing cost. "The time has come to make the sensible decision to end production of the coin which is underused by Canadians, no longer vital to commerce and ultimately a burden on Canada's balance sheet. cheap nike jerseys" Following a short countdown, Flaherty pressed a button on a machine that stamped the last penny, which tumbled out of the machine into an empty bowl. That last penny is going to a museum, officials told the CBC's Chris Glover. The last million pennies to be produced will be made available to the public as a special collector product, said Canadian Mint president and CEO Ian Bennett. custom personality jerseys Flaherty and Winnipeg Conservative MP Shelly Glover, the parliamentary secretary to the minister of finance, encouraged Canadians to donate their old pennies to charities like Habitat for Humanity. In March, Flaherty announced in the federal budget that the penny would be eliminated from Canada's coinage system, citing low purchasing power and rising production costs. cheap NFL jerseysIn part because of rising prices for the metals it's made of, it actually costs 1.6 cents to produce every penny. custom jerseysour website锛?a target="_new" rel="nofollow" href="custompersonalityjerseys">custompersonalityjerseys