Thousands of Canadians are now calling for an investigation into Loblaw Companies Canada Loblaws
for over a decade. The bread price fixing scheme cost Canadians an estimated $5 billion over 16 years. They only offered Canadians a $25 gift card for this and the competition bureau has offered them immunity in exchange for their cooperation with the investigation," the petition continues.
"In the 3rd quarter of 2022, Loblaw Co reported its profits had surged 30 per cent and specifically cited high margin items like beauty products and cold medication. Prices are rising faster than inflation is rising which is driving increased corporate profits," the petition reads.
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