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Canada Pays 1.6¢ For Every Cent: No More

C.G.P. Grey announces that Canada has ditched the penny. Since it was paying 1.6¢ for every cent it realized that it isn’t worth it anymore. In fact, annually, Canada spent $29 million to buy $18 million from the Mint.

Now, that is not a good business model 😀

Watch the other video made by C.G.P Grey about Death to Pennies:

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