What's the hold-up, folks? I have not seen a single article that talks about wanting to save the penny. And yet, there seems to be some sort of hold up [h/t Scoop]. My guess is that the delay comes from bureaucrats at the Royal Mint.
Canada’s upper chamber has decided whether the penny should be scrapped or saved.
But Senator Joseph Day, who chairs the finance committee, won't reveal their recommendation until it has been tabled in the Senate.
Ultimately, the Senate's recommendation on whether to kill the one-cent coin or not will go to Finance Minister Jim Flaherty, who asked senators to study its fate.
Flaherty said Wednesday he "appreciated" the senators' "in-depth" study and looks forward "to reviewing the Committee’s findings shortly."
Day said their recommendation will be made public within a week or so, "definitely" before the Christmas break.
"We thought this would take no time at all, but there are a lot of very complicated issues in this and a lot of different interest groups," Day said about why it's taking so long. [emphasis added]
"I never like doing anything where we don't consider all the factors and we have. We've done that."
What's so complicated? Just announce that as of a month from now the mint will no longer produce any one-cent coins.
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