RCC has successfully lobbied the Department of Finance to delay the transition date for the elimination of the penny to February 4th, 2013. As of this date, the Canadian Mint will no longer be redistributing pennies to financial institutions and it can be expected that the supply of pennies will begin to run out.  The Department had originally indicated that the transition for the elimination of the penny would occur prior to year end.

This change ensures that members will avoid consumer and operational confusion during the busiest time of the year.

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