Spend Matters Friday Latte
Canada ditches the penny.
In Canada, the Lowly Penny’s Time to Shine Nears an End — The government estimated that every penny costs it about 1.6 cents to produce. Eliminating the penny’s production will reduce the government’s costs by about 11 million Canadian dollars a year. The Royal Canadian Mint will stop distributing pennies to banks and businesses this fall. While Canadians will be allowed to continue to use pennies indefinitely, the government is hoping that they will turn in the coins for recycling as scrap metal.
There’s an “eel rush” going on!
Netting Tiny Eels and Big Profits — The next two months will bring sleepless nights and high anxiety — and quite possibly an extraordinary windfall — for a small universe of people in Maine. They are the lucky few with licenses to catch elvers — young, tiny eels that look like cellophane noodles and by some accounts are fetching up to $2,200 per pound this spring. Maine is one of only two states, along with South Carolina, where elver fishing is still allowed. And with Asian demand especially high — last year’s tsunami curbed supply in Japan, and Europe has cracked down on exporting eels — a gold rush of sorts is on along the rivers and streams of coastal Maine. Since the season began last week, stories have abounded of people making a small fortune in an often hard-luck state.
Start brewing the coffee and gather the audio books…
Fuel driver hours rules relaxed by government — The rules on fuel tanker drivers’ hours have been temporarily relaxed to help the transport of supplies to filling stations. Under EU rules, drivers are limited to nine hours on the road each day, but this has now been raised to 11 hours. The new rules will apply until Thursday and have been introduced after requests from the fuel supply industry. The news came as the Unite union ruled out a strike over Easter by fuel tanker drivers.
Don’t get your hopes up.
Mega-Millions Jackpot: Long Odds Are Not In Your Favor — A world-record $540 million Mega Millions jackpot has lottery players lining up for tickets early Friday and many wondering if there’s any way to guarantee becoming an overnight multimillionaire. The answer: Not unless you already are one and own a magic wand.