How Do Canadians Feel About the New Polymer Bills?

Most Canadians are very happy with their new polymer cash shown in a recent study, despite complaints of the melting issues of the bills and vending machine issues. A forum research survey finds 60 percent of respondents favored the new polymer bills, while 24 percent disapproved and 16 percent didn’t answer. However the biggest complaint … Continue reading

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Why the New 2012 Loonies and Toonies?

The new 2012 loonie and toonie have advanced security features which make them harder to counterfeit, a lighter multi-ply plated steel which makes them cheaper to produce, and ship which saves production costs by an estimate of 16 million a year. With the previous generation of coins costing 30 cents to produce and the 2012 … Continue reading

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Why the Change From Paper to Polymer?

There are a few reasons why the Canadian government made changes to the currency notes from paper to polymer. The main reason is to have better control and reduce Canada’s counterfeit issue. With over 10 million dollars seized from each year from the RCMP in counterfeit bills, and the 20 dollar bill being the most … Continue reading

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Say Goodbye to the Canadian Penny

Effective February 4th 2013, the Canadian Mint will cease all production for the Canadian penny thus eliminating it from the Canadian coinage system. The decision was made due to the high production costs, and its declining purchasing value due to inflation. It costs 11 million a year for the Government of Canada to supply the … Continue reading

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