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