Dec 12, 2019
By Jane Brown
It’s been seven years since Canada decided to eliminate the penny. Now there’s talk of doing away with the nickel as well.
According to an online poll by Vancouver-based Research Co., more than a third of Canadians agree we should abandon the five cent coin while more than half disagree.
But responses also vary by age.
Canadians between the ages of 18 and 34 are slightly more likely to support the idea of abandoning the nickel (41 percent), while just 39 percent of those 35 to 54 are in agreement and only 29 percent of those aged 55 and over support the idea of doing away with the five cent piece.
It was about three years ago the Trudeau Liberals looked into the idea of eliminating the nickel after a prediction by Desjardins “that due to the gradual increase in the cost of living and decreased buying power of small coins, the time will come when the nickel will have to be taken out of circulation.”
To date, there are no concrete plans to eliminate the five cent coin.