Cent-a-mental. Should we keep the penny around?

The Canadian penny just turned 100 and for its anniversary present, there is legislation on the table to kill it. This article in the Montreal Gazette, Making cents makes no sense at all goes into detail.

NDP MP Pat Martin introduced the legislation yesterday to stop production of the penny, phase it out of circulation and introduce a ''rounding'' system to adjust prices to the nearest nickel.

"We believe at the same time we have a birthday party for the penny, we should have a funeral," Martin told a news conference yesterday.

Bitter sweet. My earliest memory of money is filling a jar full of pennies. Today, I am 100% debit and credit cards, so I guess I can't be all melancholy about the penny disappearing.


P.S. OK, maybe my cheesiest blog headline ever!

I need some wisdom from the crowd. What do you have to say about small credit unions?

Are these services going in your O or T column?