Your Investment & Business Network Has Everything You Need to Stay Informed and Make Informed Decisions.
⎯ 《 Yibn • Com 》

Canada Bread agrees to pay C$50m for role in price-fixing scheme

2023-06-22 08:58
Canada Bread pleaded guilty to a role in a scheme to inflate the price of the food staple in Canada.
Canada Bread agrees to pay C$50m for role in price-fixing scheme

A major bread maker in Canada will pay C$50m ($38m; £30m) for its role in a price-fixing scheme - the highest such fine ever imposed by a Canadian court.

Canada Bread pleaded guilty on Wednesday to four counts of price-fixing dating from the mid-2000s.

The plea is part of a years-long investigation...