There are lots of expressions that involve the word penny.
A penny saved, is a penny earned.
He's a bad penny.
That cost a pretty penny.
I don't have two pennies (cents) to rub together.
In for a penny, in for a pound.
Penny ante (of little value or importance)
That's the way the penny drops.
Not worth one red cent.
What are we going to do in Canada after today ?
What expressions are we going to use then ?
"What's happening to the penny ?" you ask.
After today the banks are going to stop sending pennies to businesses.
It turns out that it was costing more than a penny to produce each penny, and so the Canadian Mint has stopped making them a while back.
Since the banks are no long going to be sending rolls of pennies to businesses, over time, the stores will run out of pennies. When that happens, if you buy something that adds up to $1.01 or $1.02 the merchant will round the amount due down to $1.00, and if it's more, it will be rounded up to $1.05.
Apparently eliminating the penny will save the Canadian government $11 million a year.
68% of respondents in an on-line poll indicated that they would not miss the penny.
Would you ?
What are you going to throw into the fountain to make your wish ?
A nickle for your thoughts ...