Will The Nickel Soon Be Gone?

Yes the topic frequently arises and before the Euro the great urban myth that reared it's head as a contentious topic was that Canada would adopt the British pound system. It was especially heightened at the time Canada converted to metric measurements and looking back, it's never been truly successful other than most of us have learned to become semi-proficient in both imperial and metric because of our close ties to the US.

Canada is a North American country, not a European country, so why would we want to adopt their currency system. While it is somewhat different, it's no better or no worse than ours. There is a vast amount of US and Cdn coin that trickles back and forth between the borders. What of that? Sure Canada receives European visitors but it's a drop in the bucket compared to our associations to and from the US.

As well Canada has barely completed releasing 25c steel.-plated quarters, millions or billions of them. For no good reason, to recall all of it (.which would take a decade or more at least) and implement a dual system in the meantime while forcing the costly changeover in automated coin machines?....which in turn would cost our government a tremendous amount of money with no benefit whatsoever at the same time that responsible government expenditures are high on the list of significance, meanwhile the majority of us only need to look in our pockets entirely void of coin to know that a cashless society is slowly but surely approaching.