When first established in Ottawa in 1908, the Royal Canadian Mint operated as the Ottawa branch mint of the British Royal Mint. JSTOR ( August 2021) ( Learn how and when to remove this template message).Unsourced material may be challenged and removed.įind sources: "Royal Canadian Mint" – news ![]() Please help improve this article by adding citations to reliable sources in this section. This section needs additional citations for verification. On January 12, 2016, it was announced that MintChip had been sold to Toronto-based nanoPay. In April 2012, the Mint announced it was developing MintChip, a digital currency to allow anonymous transactions backed by the Government of Canada and denominated in a variety of currencies. The final penny was minted at the RCM's Winnipeg, Manitoba, plant on the morning of May 4, 2012. In March 2012, the Canadian government decided to cease the production of pennies. The Mint was named one of " Canada's Top 100 Employers" by Mediacorp Canada Inc. The Minister serves as the link between the Mint, Cabinet and Parliament. The board of directors, through the chair, is accountable to the Minister of Finance. Traditionally, the president of the Royal Canadian Mint is known as the Master of the Mint, currently Marie Lemay, who was appointed to the position in 2018. Like private-sector companies, the Mint has a board of directors consisting of a chair, the president and CEO of the Mint, and eight other directors. The Mint serves the public's interest but is also mandated to operate "in anticipation of profit" (i.e., to function in a commercial manner without relying on taxpayer support to fund its operations). It further offers gold and silver refinery and assay services. The Mint also designs and manufactures precious and base metal collector coins gold, silver, palladium, and platinum bullion coins medals, as well as medallions and tokens. The Mint produces all of Canada's circulation coins, and manufactures circulation coins on behalf of other nations. The shares of the Mint are held in trust for the Crown in right of Canada. Rito Mints also takes part in stringent inspections that aim to guarantee a superior and incomparable product quality.The Royal Canadian Mint ( French: Monnaie royale canadienne) is the mint of Canada and a Crown corporation, operating under the Royal Canadian Mint Act. Our business establishes quality evaluation criteria at all levels of production that surpass the strictest food industry standards in place today. Our Guarantee High Standards for an Incomparable Quality It is thanks to these values that we can offer a stimulating and safe work environment to our employees, and guarantee the best products on the market to our customers. A true sense of belonging unites our employees and directors. We all have the company’s success at heart. Family: At Rito Mints, we’ve created a large, wonderful family.Perseverance in our work is what defines us. Hard Work: Giving the best of ourselves, our full effort, and the energy necessary to reach our objectives.Respect: Respect for all – respecting our commitments, our clients, and our employees is of the utmost importance to us.In the interest of performance and efficiency, Rito Mints employees receive regular training in order to uphold standards and stay on the cutting-edge of technological advancements. Rito Mints’ philosophy is based on sustainable development. Rito’s mission is simple: Creating and marketing products with a unique taste and exceptional quality through close collaboration with its retailers, distributors, and manufacturers. In 2019, it was awarded the “Export Leader” prize by the CQI!įor more than 60 years, the rich and unique taste of their famous peppermint lozenges have won over the palates of young and old alike. The new Rito Mints factory, still based in Trois-Rivières and now on the leading edge of technology, has quickly retaken its place as market leader. Today, Rito Mints is the largest manufacturer of mint candies and Conversation Hearts in the Americas.Ī major fire ravaged Rito’s factory in 2018, resulting in the need for complete reconstruction. ![]() Since its founding, the business has set itself apart through its products and its customer service. The legacy of Rito Mints began in Trois-Rivières in 1957.
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