Canadian pennies. They're not going to be put into circulation anymore. Fred Greenslade/Reuters /Landov hide caption itoggle caption Fred Greenslade/Reuters /Landov The Two-Way Canada Bids Its Penny Goodbye; Should The U.S.? February 4, 2013 The USA's northern neighbor stopped distributing cents on Monday. The Canadian government expects to save millions of dollars a year. The case has been made for years that the U.S. should get rid of its penny too. Would that be a good idea?