Some time ago the powers in charge in Canada figured it out it costs 1.6 cents to make one penny... which means: the Bank of Canada is loosing money on the pennies! Everybody know loosing money is not something a bank will do readily :)
So instead of finding out way to lower the cost (maybe they aren't any) - they have decided to... discontinue the penny. Today - it is the last day the mint produces the Canadian Penny.
It's somewhat sad - and now is my chance to collect the little buggers :)
Goodbye, little copper disk - I will miss you!