Canadian grocers make $3M per year from penny-rounding: UBC study

Source: Gemma Karstens-Smith, The Canadian Press, December 17, 2017 

VANCOUVER — Grocery stores across the country are cashing in on the demise of the penny, according to a young researcher at the University of British Columbia.

Third-year economics and mathematics student Christina Cheng has written a paper that says Canadian grocers are making $3.27 million per year from penny-rounding.

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