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Canada Bread, with brands like Dempster's, fined $50M for price fixing | iNFOnews

Canada Bread, with brands like Dempster's, fined $50M for price fixing | iNFOnews
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Canada Bread fined $50 million after pleading guilty to price fixing

Canada Bread, now a subsidiary of Mexico-based Grupo Bimbo, pleaded guilty to four counts of price-fixing under the Competition Act ....

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Canada Bread to pay $50mn in fine for fixing price of bread for years in unison with rival

Canada Bread has agreed to pay $50 million in fine after pleading guilty to having played a role in fixing the price of bread for years. The company revealed in an Ontario Court on Wednesday that it frequently communicated with its competitor under previous managerial regime to raise the wholesale prices in unison, making bread costlier for Canadian consumers in the process.

Canada Bread, which owns dozens of brands of baked goods, has been owned by Mexican food giant Grupo Bimbo since 2014. Prior to that, the company was owned by Maple Leaf Foods. ....

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Canada Bread sentenced to $50M fine after pleading guilty to fixing wholesale bread prices

Canada Bread sentenced to $50M fine after pleading guilty to fixing wholesale bread prices
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Canada Bread fined $50M for bread price fixing, Competition Bureau turns to grocers

Bakery giant Canada Bread Co. has been fined $50 million after pleading guilty to its role in a criminal price-fixing scheme that inflated the price of bread in Canada for years. ....

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