Hello $5 Coin, $200 Bill; Goodbye Penny!

By Mitchell FridmanScreen shot 2021-05-30 at 11.50.02 AM.png

Canadians, more than most, love their money. How could we not, with our wallets constantly full of brightly coloured notes of brown, red, green, purple and blues and pockets full of jangling toonies, loonies, quarters, dimes, nickels and pennies? The question then becomes, how do we keep our monetary system working properly while inflation constantly diminishes the value of the money in our pockets; well coin reform is the most obvious way. I will discuss the uniqueness of our coinage via the differences between it and the American monetary system while showing the advantages of our coins and presenting three changes that are likely to come about in the next decade.

Continue reading....

Leave a comment