Rounding of Penny at Loblaw banner stores

02/03/2014

Starting February 3, 2014 all Loblaw banner stores* across Canada will round the penny on cash transactions only as per the Government of Canada’s rounding guidelines.

Here’s an example of how the Government rounding rules work:

Round down

Round up

$1.01 or $1.02 $1.00

$1.06 or $1.07 $1.05

$1.03 or $1.04 $1.05

$1.08 or $1.09 $1.10

The penny will continue to be accepted as legal tender in our stores, but we will not distribute them to our customers at the cash registers or self-serve checkouts.

All electronic (credit and debit) and all other types of payment will not be rounded or impacted by this change.

*Loblaw banners stores include Loblaws®, Zehrs®, Your Independent Grocer®, valu-mart®, Fortinos®, Real Canadian Superstore®, Real Canadian Wholesale Club, Extra Foods®, nofrills®, Atlantic Superstore®, Dominion® (Newfoundland and Labrador only), SaveEasy®, Maxi®, Maxi & Cie®, Provigo®, Provigo® LeMarché, Loblaws® CityMarket, Box by No Frills™, Cash & Carry®, Club Entrepot® and Les Entrepots Presto®.