The Canadian 2011 Five Cent coin remained in circulation featuring the beaver design, but its production was heavily influenced by the fluctuating price of nickel, a key component of its metal composition. By 2011, rising metal costs prompted the Canadian government to consider alternative coin production strategies, as the 2011 Five Cent coin was becoming more expensive to produce than its face value.
In 2011, Canadas economy was still recovering from the 2008 recession. The 2011 Five Cent coin reflected the ongoing public debate over the cost of coinage, with discussions about the economic and environmental impact of producing low-value coins. The 2011 Five Cent coin stood as a symbol of this larger discourse on currency efficiency.