The Canadian mint stops distributing pennies on Monday. Canada stopped making one-cent coins last year to cut costs, since each penny cost 1.6 cents to make. Most stores will round out change to the nearest five cents.
This is WEEKEND EDITION, from NPR News. I'm Scott Simon. And the U.S. stock market's on a tear. The Dow Jones Industrial Average closed above 14,000 yesterday, for the first time in more than five years. Investors seized on encouraging news about factory orders and auto sales. They chose to look past a report that unemployment inched up last month, too, to 7.9 percent. NPR's Scott Horsley reports.
The economy shrunk in the fourth quarter — for the first time in three years — and one of the critical reasons was a drop in defense spending. Apparently, contractors took precautionary steps and held onto money in case the federal government failed to avert the fiscal and tax crisis known as the fiscal cliff.
But there's now a new deadline — automatic budget cuts, known as sequestration, which may hit at the beginning of March.
A boycott by vendors starting this weekend at one of the nation's largest hunting and fishing shows has led to the event's indefinite postponement. Pennsylvania businesses stand to lose tens of millions of dollars in revenue.
Some 200 shops and groups pulled out of the Harrisburg, Pa., event after organizers banned the sale and display of certain types of guns.