Weekly Review-The Penniless Edition

This week the Senate suggested to get rid of penny, according to the Bank of Canada the penny has lost 95% of its value since 1908 and it currently costs 1.5 cents to produce 1 penny. Given these to get rid of the penny, personally I am all for it. Before the Euro came in several European countries did not have pennies in circulation and the economy functioned just fine.

This weeks readings:

Eight Ways to Avoid Car Financing Mistakes @ Wallet Pop Canada

Lending Money to Friends @ Million Dollar Journey

Selecting Winning Managers Through Graphology @ Canadian Capitalist

Luxury Stocks Flying High @ WSJ

Does Paying Yourself First and Blowing the Rest Work? @ Michael James on Money

Competition watchdog targets Visa, MasterCard over fees @ Globe & Mail

Catch the falling bond knife? @ Larry McDonald

Do Financial Decisions get better with age? @ Wealth Web Gurus

Throughout the week we highlight other interesting articles through our twitter account, you can follow me on twitter or follow your twitter feed. Enjoy your weekend! You can also catch our Dollar Matters on Monday’s and Wednesdays!

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  1. says

    Thanks for including me in your weekly review.
    Have a great holiday season

  2. says

    We’re finally getting serious about getting rid of the penny now that nickels and dimes are useless too. Thanks for the mention.


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