Canada Bread is accusing Maple Leaf Foods of using it as a “shield” to avoid liability in the alleged bread price-fixing scheme that’s the subject of two class-action lawsuits and an ongoing Competition Bureau investigation.
Rosa Saba, The Canadian PressSylvain Charlebois, director of Agri-Food Analytics Lab at Dalhousie University, joins BNN Bloomberg to discuss the role of supply managed goods in food price inflation.
Canada Bread is so far the only company to be fined by the Competition Bureau in relation to the alleged scheme, taking a $50-million hit in 2023 after pleading guilty to four counts of price-fixing bread products under the Competition Act. At the time, Maple Leaf Foods said allegations of improper pricing conduct at Canada Bread while under Maple Leaf’s control were “totally unfounded.”
“We have acted ethically and lawfully at all times. We are not aware of and have never engaged in inappropriate or anticompetitive activity, and we will defend ourselves vigorously against any allegation to the contrary,” Maple Leaf said at the time.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Maple Leaf Foods names Deepak Bhandari as CFO for pork businessThe change is a return to Maple Leaf Foods for Bhandari who spent 13 years at the company previously
Read more »
Maple Leaf Foods names Deepak Bhandari as CFO for pork businessMISSISSAUGA, Ont. — Maple Leaf Foods Inc. has named Deepak Bhandari as chief financial officer of its pork business, which it plans to spin off as an...
Read more »
There are many problems with CRA’s pursuit of Toronto Maple Leaf John TavaresThe approach taken by Mr. Tavares was simply taking advantage of planning allowed by the Canada-U.S. tax treaty. He could have structured his compensation in a more tax-aggressive manner. But he didn’t
Read more »
Towers, data centres, Maple Leafs: What Canada's telecoms could sell to pare debtA low-growth environment may drive Rogers, BCE, Telus and others to divest non-core assets to pay down debt, it says.
Read more »
Here's a list of July inflation rates for selected Canadian citiesOTTAWA — Canada's annual inflation rate was 2.5 per cent in July, Statistics Canada says.
Read more »
Kamala Harris has 'soft spot' for Canada, says Canada's envoy to U.S.U.S. Vice-President Kamala Harris has a “soft spot” for Canada and maintains a “very good relationship” with Prime Minister Justin Trudeau, according to Canada’s envoy in Washington, Kirsten Hillman, who made the remarks from the Democratic National Convention in Chicago.
Read more »