Canada Bread Agrees to Pay $50 Million for Role in Bread Price Fixing

A worker restocks shelves in the bakery and bread aisle at an Atlantic Superstore grocery in Halifax, Jan. 28, 2022. The Canadian Press/Kelly Clark

Canada Bread has agreed to pay $50 million after admitting to colluding with competitors in Canada’s bakery industry to fix bread prices.

“Fixing the price of bread—a food staple of Canadian households—was a serious criminal offence,” said Commissioner of Competition Matthew Boswell in a June 21 release. “Our continuing investigation remains a top priority. We are doing everything in our power to pursue those who engage in price-fixing.”