Canada Bread sentenced to $50 million fine after pleading guilty to fixing wholesale bread prices
Canada Bread admitted that it arranged with its competitor, Weston Foods (Canada) Inc., to increase prices for various bagged and sliced bread products, such as sandwich bread, hot dog buns and rolls.
- Canada Bread admitted that it arranged with its competitor, Weston Foods (Canada) Inc., to increase prices for various bagged and sliced bread products, such as sandwich bread, hot dog buns and rolls.
- At the time of the price-fixing, Canada Bread was under the ownership of Maple Leaf Foods.
- The fine represents the maximum applicable under the law, less a leniency discount for Canada Bread's cooperation and guilty plea.
- The record fine for Canada Bread is a significant milestone in the Bureau's ongoing investigation.