http://cnews.canoe.ca/CNEWS/Politics.../19567551.html
"The government said it costs 1.6 cents to produce a penny, so by fall, it will stop issuing the coins in order to save $11 million a year."
“We will eliminate the penny,” said Finance Minister Jim Flaherty. “Pennies take up too much space on our dressers at home. They take up for too much time for small businesses trying to grow and create jobs.”
Everything rounded to the nickel!