It seems Canadian consumers have been victims of an industry wide bread price-fixing arrangement.
George Weston Limited and Loblaw Companies have revealed they both took part in an industry-wide bread price-fixing arrangement for over a decade — but will receive immunity after tipping off Canada’s competition watchdog.
The companies became aware of an arrangement involving the co-ordination of retail and wholesale prices of some packaged breads from late 2001 until March 2015.
Last month, the Bureau executed warrants to search the offices of certain grocers to gather evidence, but said that there had been no conclusion of wrongdoing and no charges had been laid.
At the moment, both the competition watchdog and Canadian retailers are not offering further details.