The US could ditch the penny: What happened when Canada did it?

(NEXSTAR) — Weeks after the Department of Government Efficiency (DOGE) set its sights on the penny, President Donald Trump called on the Treasury Department to stop minting new one-cent coins, calling them “wasteful.”The most recent report from the U.S. Mint shows it costs roughly 3.69 cents to make one penny. Fiscal year 2024 marked the 19th consecutive year that the penny (and the nickel) “remained above face value” when it comes to production costs.It’s unc