Canada has finally decided to enter the modern money era and ditch the penny. It was announced a few weeks ago that production of the penny (1 cent) will cease shortly and their use will be phased out. Thank goodness for that. Pennies do nothing but weigh down my wallet and gather in piles in random places in our home. Apparently, it costs 1.5 pennies to make 1 penny, so it's definitely a no-brainer.
The other new money development in Canada is the introduction of the new plastic $100 and $50 bills. It was Australia, apparently, who invented the technology behind plastic money and now Canada has caught on. I've only had the pleasure of having the $50 bills in my wallet ($20 bills are definitely the most commonly used bills in Canada) and they are lovely. Much thinner than their Australian version but so shiny and crisp. Now the only thing that Canada needs to do to catch up in the money world (in my view), is introduce Visa Debit cards so that us foreigners can have the use of a Visa card without the hassle of putting down an enormous 'bond' on a credit card.
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