Well, I'm sure the opposition would not be out of touch with the uselessness of the penny as an item of currency.
We've just produced the last penny at the Royal Canadian Mint location in Winnipeg. Pennies will continue to be distributed by the Mint until the autumn, but that's it. There won't be any more pennies produced—for a good reason. They cost 1.6 cents to make and people don't let them circulate; they keep them in jars at home. So we have to keep making more of them at 1.6 cents per penny. We'll save $11 million per year by eliminating the production of the penny.
The penny will remain in circulation. Things will continue to be priced including the use of the penny. In cash transactions, there will be a rounding up and rounding down. So if something costs, for example, $1.01, it would be rounded down to a dollar; then $1.02 down to a dollar, $1.03 up to $1.05, and $1.04 up to $1.05. That has worked quite well in other jurisdictions that have taken the same step, including New Zealand and Australia.