I can't help but be a little centimental about this.
I'd like others to add their 2 cents and give your thoughts on this. Also,do you think the US going to be doing the same in the near future?
Obituary: Canadian penny, 1858-2013 - Canada - CBC NewsPenny, Canadian — Passed away peacefully on Feb. 4, 2013, when the Royal Canadian Mint stopped distributing the copper-coloured coin.
The penny's demise had been anticipated since March 29, 2012, when federal Finance Minister James Flaherty announced in the budget that his government had decided to phase out the smallest denomination of Canada's currency.
The Canadian penny traces its origins to 1858, when the then-province of Canada adopted the decimal system for its currency. Initially, it was struck at the Royal Mint in Great Britain. The 1858 penny had Queen Victoria on the obverse (or "heads") side and a vine of maple leaves on the reverse (or "tails") side.
Dominion of Canada coins were first issued in 1870, but the penny, then made from bronze, didn't join the family until 1876.