canadian nickel

There's now talk of Canada eliminating the nickel just like it did the penny

It's been seven years since Canada decided to eliminate the practically-useless penny, and now it seems some residents believe we should be done with the nickel too. 

According to a poll conducted by Vancouver-based Research Co., more than one third of Canadians — or 36 per cent — agree we should abandon the five-cent coin, while more than half (55 per cent) disagree.

The poll, which surveyed 1,000 adults in Canada online at the end of November, also shows that responses vary by age. 

According to the poll, Canadians between the ages of 18 and 34 are slightly more likely to support the idea of abandoning the nickel (41 per cent), while 39 per cent of those aged 35 to 54 are in agreement and only 29 per cent of those aged 55 and over support the idea. 

The poll also states that Saskatchewan and Manitoba are the least interested in ditching the five-cent coin, with 63 per cent of respondents voting in favour of the coin remaining in circulation.

In comparison, 59 per cent of Atlantic Canada voted in favour of keeping it, 58 per cent of Ontario wants it to stay and 55 per cent of British Columbia said it should remain in use.

The proportion of those who said they'd prefer to keep it around is lowest in Alberta (50 per cent) and Quebec (47 per cent).

Desjardins predicted the eventual elimination of the nickel in a report published three years back, stating that "Due to the gradual increase in the cost of living and decreased buying power of small coins, the time will come when the nickel will have to be taken out of circulation." 

The federal government looked into the idea around the same time, but to this day there remains no concrete indication of plans to eliminate the five-cent coin anytime soon. 

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