The End of the Penny!

1974 Canadian Penny (Obverse) (Photo credit: yaybiscuits123)

It is with sadness yet expectation that we share the news re the demise of the Canadian penny.  We understand the reasons why it needs to go, because it costs too much to make, but part of me wonders if this is the start of hyperinflation?  Having grown up in Africa where inflation is out of control, especially in places like Zimbabwe, one wonders where it will end?  What do you think?

This is an awesome time to be teaching your students about economy and inflation, and the value of your dollar.


Here are some learning resources:

The Consumer Price Index Government of Canada Statistics:  A Measure of Inflation
What causes Inflation  Econedlink learning resources
Investopedia has some interesting Financial videos which explain many financial terms.  

Related articles

• Video - Goodbye Canadian Pennies (freetech4teachers.com)
• Storify: Canadian penny versus nickel debate on Twitter (theprovince.com)
• Canadian Penny is Being Phased Out in 2012 (laughingsquid.com)
• The End of the Canadian Penny (fox4kc.com)
• Canadian Pennies To Stop Being Made (myfoxphoenix.com)
• Bank of Canada's Mark Carney expected to react to budget (cbc.ca)
• Why the U.S. Penny Won't Die Like Canada's Just Did (followmehere.com)