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How did Canada Bread get away with price-fixing before record $50M fine?

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Bread price-fixing by grocers in Canada was discovered many years ago, but it’s only now that regulators are imposing meaningful fines.

Canada Bread has been fined a record $50 million after pleading guilty to conspiring to raise the price of bread in 2007 and 2011.

Experts think one of the reasons why price-fixing happened in this instance was how easy it is, with a limited number of competitors in the market due to the consolidation and existing monopolies in the Canadian economy.

Global’s Anne Gaviola speaks with Brett Chang on The Peak Daily podcast.

For more top business and tech news, visit The Peak Daily at https://readthepeak.com/shows/the-peak-daily

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News and politics
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global news, Canada Bread, canada bread

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