The Canadian 1998 Five Cent coin, made of nickel, was issued during Prime Minister Jean Chrétien’s government, amidst continued economic growth following the 1990s recession. The nickel industry remained vital to Canadas economy, and the coins beaver design symbolized Canadas resource-driven prosperity.
In 1998, Canada focused on economic stability and debt reduction, while nickel exports played a major role. The Canadian 1998 Five Cent coin, composed of nickel, reflected the nations reliance on nickel resources. The coins design and metal highlighted Canadas ongoing economic success and continued importance of nickel in supporting growth and trade.