Demise of the Penny Forces Canadians to Learn How to Round

February 12, 2013 Updated Feb 12, 2013 at 9:36 AM EDT

By Business First

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Demise of the Penny Forces Canadians to Learn How to Round

February 12, 2013 Updated Feb 12, 2013 at 9:36 AM EDT

Canada's adjustment to a penny-less society has not been seamless.

The Royal Canadian Mint ceased distribution of pennies earlier this month, and as the Hamilton Spectator reports, retailers are now supposed to round up or down to the nearest nickel.

But it appears that some stores and restaurants are rounding up in all cases.

The Spectator hears from David Bentley of Hamilton, who says he received only 20 cents back on a $3.76 purchase at Tim Hortons.

"For one person it is only four cents," says Bentley. "However, when one ponders how many cash transactions take place in a day at Hortons. it is truly bonus profit."

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