Canadian bread price fixing: Difference between revisions
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|Type=Price Fixing | |Type=Price Fixing | ||
|Description=From 2001 to 2015, many companies colluded in what can be described as a cartel, fixing bread prices in Canada | |Description=From 2001 to 2015, many companies colluded in what can be described as a cartel, fixing bread prices in Canada | ||
}} | }}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> | ||
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== | == 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" /> | |||
==Investigation== | |||
An investigation by the Competition Bureau was launched after an informant from Loblaw Ltd tipped them off<ref name=":1" /> | |||
==Lawsuit== | ==Lawsuit== | ||