Canadian bread price fixing: Difference between revisions
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}}From 2001 to 2015<ref name=":0">{{Cite web |last=The Canadian Press |date=2024-07-25 |title=Loblaw, George Weston to pay $500M for bread price-fixing scheme in record antitrust settlement |url=https://www.cbc.ca/news/business/loblaw-bread-price-settlement-1.7274820 |website=CBC}}</ref> or 2017<ref name=":1">{{Cite web |last=Sagan |first=Aleksandra |date=2018-01-31 |title=Bakers, grocers involved in 16-year price-fixing conspiracy: Competition Bureau |url=https://www.ctvnews.ca/canada/article/bakers-grocers-involved-in-16-year-price-fixing-conspiracy-competition-bureau/}}</ref>, Canadian retailers, including Walmart Canada, Metro, Giant Tiger and Sobeys, colluded to fix prices of bread<ref name=":0" />. In a class action lawsuit that followed, the collusion was described as a cartel<ref>{{Cite web |last=GOVAN |first=JAMES |date=2020-03-25 |title=Originating Application – Bread Cartel – March 25, 2020 |url=https://lpclex.com/wp-content/uploads/2017/11/Originating-Application-BREAD-Notified-25MAR2020.pdf}}</ref> | }}From 2001 to 2015<ref name=":0">{{Cite web |last=The Canadian Press |date=2024-07-25 |title=Loblaw, George Weston to pay $500M for bread price-fixing scheme in record antitrust settlement |url=https://www.cbc.ca/news/business/loblaw-bread-price-settlement-1.7274820 |website=CBC}}</ref> or 2017<ref name=":1">{{Cite web |last=Sagan |first=Aleksandra |date=2018-01-31 |title=Bakers, grocers involved in 16-year price-fixing conspiracy: Competition Bureau |url=https://www.ctvnews.ca/canada/article/bakers-grocers-involved-in-16-year-price-fixing-conspiracy-competition-bureau/}}</ref>, Canadian retailers, including Walmart Canada, Metro, Giant Tiger and Sobeys, colluded to fix prices of bread<ref name=":0" />. In a class action lawsuit that followed, the collusion was described as a cartel<ref>{{Cite web |last=GOVAN |first=JAMES |date=2020-03-25 |title=Originating Application – Bread Cartel – March 25, 2020 |url=https://lpclex.com/wp-content/uploads/2017/11/Originating-Application-BREAD-Notified-25MAR2020.pdf}}</ref> | ||
== Price fixing == | ==Price fixing== | ||
For 14 or 16 years, the price of bread and other products such as bagels and naan was artificially inflated in a collusion of the biggest retailers in Canada.<ref name=":1" /> | For 14 or 16 years, the price of bread and other products such as bagels and naan was artificially inflated in a collusion of the biggest retailers in Canada.<ref name=":1" /> | ||
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{{Ph-I-ConR}} | {{Ph-I-ConR}} | ||
==See also== | |||
[[Class action]] | |||
==References== | ==References== | ||
{{reflist}} | {{reflist}} | ||
{{Ph-I-C}} | {{Ph-I-C}} | ||
Revision as of 19:42, 19 October 2025
From 2001 to 2015[1] or 2017[2], Canadian retailers, including Walmart Canada, Metro, Giant Tiger and Sobeys, colluded to fix prices of bread[1]. In a class action lawsuit that followed, the collusion was described as a cartel[3]
Price fixing
For 14 or 16 years, the price of bread and other products such as bagels and naan was artificially inflated in a collusion of the biggest retailers in Canada.[2]
Investigation
An investigation by the Competition Bureau was launched after an informant from Loblaw Ltd tipped them off[2]
Lawsuit
Consumer response
See also
References
- ↑ 1.0 1.1 The Canadian Press (2024-07-25). "Loblaw, George Weston to pay $500M for bread price-fixing scheme in record antitrust settlement". CBC.
- ↑ 2.0 2.1 2.2 Sagan, Aleksandra (2018-01-31). "Bakers, grocers involved in 16-year price-fixing conspiracy: Competition Bureau".
- ↑ GOVAN, JAMES (2020-03-25). "Originating Application – Bread Cartel – March 25, 2020" (PDF).