A Study Says 40% Of Canadians Want To Get Rid Of The Nickel & Have It Join The Penny
Penny for your thoughts?
A variety of Canadian coins.
If you were a fan of getting rid of Canada getting rid of the penny, you might have some thoughts about the nickel.
In a study posted on June 7, Research.co found that two in five Canadians are in favour of getting rid of the five-cent coin altogether.
"In the online survey of a representative national sample, 40% of Canadians support taking the nickel out of circulation, up four points since a similar Research Co. poll conducted in November 2019," says the study.
\u201c49% of Canadians (-6 since 2019) would keep the nickel in circulation; 40% (+4) would abolish the five-cent coin.\nhttps://t.co/1z16HkU8Vy\u201d— Mario Canseco (@Mario Canseco) 1654621500
On the other side of the table are 49% of Canadians who do not support abolishing the nickel while 11% are undecided on the matter.
The study also notes that there's a "substantial gender gap" in thoughts on the coin.
"While 47% of men support its abolition, the proportion drops to 33% among women," they note.
As well, age seems to play a factor with 43% of responded aged 18-to-34 being in favour of removing the five-cent coin from circulation.
For 35-54-year-olds, that number drops to 38% and for those aged 55 and over it's 37%.
“More than half of residents of Saskatchewan and Manitoba (58%), British Columbia (52%) and Atlantic Canada (also 52%) support keeping the nickel,” says the President of Research Co, Mario Canseco. “The proportion of five-cent coin fans is lower in Quebec (49%), Ontario (47%) and Alberta (46%).”
As for the penny, 71% of Canadians agree with the government's 2013 decision to take the one-cent coin out of circulation.
Again there was also gender gap in thoughts about the feds having done away with the coin.
77% of male respondents were more likely to agree with the abolishment of the penny than their female counterparts at only 66%
This article's cover image was used for illustrative purposes only.