As penny takes a licking, humble one-cent stamp lives on

CALGARY — It’s next to impossible to pay for anything with a single cent: even penny candy has fallen victim to inflation.

But a copper-coloured coin still buys a stamp — and Canada Post has no intention of phasing the postage out.

The lowly penny is slated for retirement this month as part of a cost-saving initiative announced by Federal Finance Minister Jim Flaherty in last year’s budget.

Yet Canada Post plans to continue to produce one cent stamps for domestic letter-mail, even as pennies themselves disappear from cash registers and find permanent homes in dusty dresser drawers and pickle jars.

Read more: As penny takes a licking, humble one-cent stamp lives on.