Payouts are hitting Canadian bank accounts in bread price-fixing settlement
Summary
A class-action lawsuit settlement over alleged bread price-fixing has resulted in payouts beginning to hit Canadian bank accounts. The $500 million settlement, reached in July 2024, was reached after a 14-year industry-wide price-fixing conspiracy between 2001 and 2015. The settlement includes $404 million from Loblaw and George Weston Ltd., with the remaining $96 million allocated to a gift card program. Claimants who did not participate in the Loblaw Card Program will receive $49.11, while those who did will receive $24.11. The claims process officially ended on Dec. 12, 2025, and payments are being issued on a rolling basis. The Competition Bureau began investigating the alleged price-fixing in January 2016, and Canada Bread was fined $50 million in June 2023, the highest price-fixing fine ever imposed by a Canadian court.
(Source:Global News)