Canada Eliminates the Penny - What does it Mean?

So, Canada decided today to remove the penny from circulation... http://www.bloomberg.com/news/2012-03-29/canada-e…

Should the U.S. do the same? What would some non-obvious effects be?

I was reading an interesting article in Barron's about how removing the penny here would not only impact Main Street, but also widen bid/ask spreads in trading. Thoughts?

http://online.barrons.com/article/SB5000142405311…

 
swagon:
I named my penis Penny

It all makes sense now; they've stopped using the penny due to lack of use.

Jack: They’re all former investment bankers who were laid off from that economic crisis that Nancy Pelosi caused. They have zero real world skills, but God they work hard. -30 Rock
 

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- Bulls make money. Bears make money. Pigs get slaughtered. - The harder you work, the luckier you become. - I believe in the "Golden Rule": the man with the gold rules.

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