did canada take away the penny
(July 2012). In Canada, a penny is a coin worth one cent, or 1â100 of a dollar. According to the Royal Canadian Mint, the official national term of the coin is the one-cent piece, but in practice the terms penny and cent predominate. Originally, penny referred to a two-cent coin. When the two-cent coin was discontinued, penny took over as the new one-cent coin's name.