centavo canadiense

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In Canada, the penny, officially the one-cent coin, is a coin worth one cent, or 1⁄100 of a Canadian dollar. These coins were minted from 1858 to 2012 and were primarily struck in a bronze or a bronze-plated alloy throughout their production. Like all Canadian coins, the obverse depicts the reigning Canadian monarch at the time of issue. Attempts to abolish the penny in Canada were initially met with resistance as they were considered a necessity to pay provincial sales taxes. While money had been lost in penny production since at least the mid-1980s, the issue only grew to prominence in the late 2000s. Studies conducted by the Parliament of Canada, along with at least one survey, concluded that the penny was falling out of use due to inflation, which had eroded the coin's value. Production of the penny ended in May 2012 and the Royal Canadian Mint ceased distribution of them on February 4, 2013. Although the penny retains its legal tender status, vendors now round customer purchases to the nearest five cents (nickel). Commemorative events that have been featured on the penny since 1967 (Canadian Centennial) continue to be featured on non-circulating coins for collectors.