The Canadian 1996 Five Cent coin, made of nickel, was issued during Prime Minister Jean Chrétien’s term, as Canada continued its economic recovery after the early 90s recession. The nickel industry remained important, with the coins beaver design symbolizing Canadas natural resource heritage.
In 1996, Canadas economy strengthened, with a focus on deficit reduction and trade. The Canadian 1996 Five Cent coin, composed of nickel, reflected the ongoing importance of nickel exports in Canadas economic growth. The coins design and metal emphasized Canadas resource-based economy and its continued reliance on nickel for industrial and economic development.