Before anyone starts talking about how this will impact Ni prices:
"The mint produces about 30 million of each coin annually, and the government says the elimination of the nickel element will reduce nickel demand by about 539 metric tonnes a year -- just a tiny fraction of Canada's domestic output."
"The Canada Gazette says the current coins cost about 30 cents each to produce, while Kim says he's been told the new loonies and toonies will cost between four cents and six cents apiece"
And this is really funny justification: a truck load of the new loonies will weigh 980 kilos less than the old version, and 286 kilos less for a truck full of toonies, thus "improving fuel efficiency of transportation and reducing the carbon footprint of delivering coins to the Canadian public." It's a big green move
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