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RE: A Penny For Your Thoughts?

in Economicslast year

I have a fair stack of Canadian change I've received over the years by mistake that I kept purely for novelty, some from before Queen Elizabeth II. One upon a time, the exchange rate between the US and Canadian dollar was based on US coinage being 90% silver and Canada at 80%. Now it floats arbitrarily, but Canada fell below the penny utility threshold first.