Bread price fixing canada

More grocery stores implicated in bread price-fixing scandal

At least seven companies are now believed to have participated in a nearly 15-year-long, industry-wide "price-fixing arrangement involving certain packaged bread products."

Does this mean we're all getting more free $25 gift cards?

Maybe – but the consequences could be a lot more serious for implicated grocers like Metro, Sobey's and Walmart, who – unlike Loblaws - didn't receive immunity in exchange for cooperating with investigators.

Newly released court documents related to the bread price-fixing scandal show that Canada's Competition Bureau believes the following companies "committed indictable offences under the Competition Act."

Loblaw Companies Ltd., Walmart Canada Corp., Sobeys Inc., Metro Inc., Giant Tiger Stores Ltd., and the wholesale suppliers Canada Bread Company Ltd. and George Weston Ltd.

The independent federal law enforcement agency says that all seven companies colluded to raise the prices of many packaged bread products in their stores for more than a decade.

This saw saw countless customers across the country paying more for bread than they should have between 2001 and 2015.

Both Loblaw and George Weston, as we now know, are paying penance for their participation in the scheme by sending out $25 grocery cards to eligible Canadians.

It is not yet known what will happen to executives involved from the other retailers and wholesaler, but as the Canadian Press reports – the Competition Bureau believes they all committed indictable offences.

Lead photo by

blogTO


Join the conversation Load comments

Latest in City

Ontario hospitals ask government to send Toronto back to Stage 2

Toronto's top doctor recommends new rules for restaurants as cases surge

Doug Ford says Ontario has entered the second wave of COVID-19

Drum circle held at Trinity Bellwoods Park in Toronto with little distancing or mask usage

Unreal photos and videos show Toronto disappearing under dense blanket of fog

Casinos are reopening in Ontario today and most people think it's a terrible idea

Employee at IKEA store in Toronto confirmed to have COVID-19

Toronto has had enough with anti-mask protesters as COVID numbers rise