👉Canada Bread has agreed to pay at least $50 million for its long-term role in determining bread prices. The organization made the disclosure in an Ontario court on Wednesday, recognizing that under a past administration system, it conspired with its rivals in Canada's bread shop industry to work as one to raise the discount costs they charge to staple chains, pushing up costs for customers all the while. The Mexican food conglomerate Grupo Bimbo owns the company, which produces dozens of brands of baked goods, including Dempster's, Stonemill, Vachon, and others. Prior to that, Maple Leaf Foods held majority control of the business. "had discussions about prices" for bread products with one of the more senior executives at Weston Foods (Canada) Inc., a subsidiary at the time of George Weston Ltd. that also controls the Loblaws grocery chain, according to an agreed-upon statement of facts. The executive at Canada Bread was also an officer at Maple Leaf Foods at the time.✅ . . #CanadaBreadFine #PriceFixingScandal #GrupoBimbo #OntarioCourt #ConsumerImpact #BakeryIndustry #CorporateAccountability #mnm #malayalisnearmeapp #canadaupdate #canadanews