The Royal Canadian Mint tried to launch a digital currency venture and failed, losing millions in the process, according to the Crown corporation’s latest annual report. Figures from that report were released on May 9, and Alex Reeves, a spokesman for the Mint, would not provide details, according to Blacklock’s Reporter. “We have nothing to…
Royal Canadian Mint Still Foresees Vital Role as Demand for Coins Inevitably Declines
Whether they’re rattling around in your car’s cup holder or have vanished permanently into the couch cushions, coins are easy to take for granted. So when the Royal Canadian Mint announced a round of layoffs last month at its Winnipeg facility, it was a reminder that the change jingling in our pockets doesn’t get there…
Mint Issues Black-Ringed Toonie in Memory of Queen Elizabeth II
The Royal Canadian Mint is issuing a new black-ringed toonie to honour Queen Elizabeth II. The mint says the coin’s black outer ring is intended to evoke a “mourning armband” to honour the queen, who died in September after 70 years on the throne. The mint says it will start to circulate nearly five million…
Over 1 Billion Canadian Coins Went Out of Circulation During Lockdowns: Canadian Mint
Over a billion Canadian coins went out of circulation during COVID-19 lockdowns, says the Royal Canadian Mint, while noting the pandemic contributed to the economy’s shift away from cash. “The pandemic unexpectedly caused the supply of recirculating coins to decline, which meant that fewer recirculating coins were available to meet coin demand,” read the Mint’s…
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