Canada Bread has agreed to pay $50 million in fine after pleading guilty to having played a role in fixing the price of bread for years. The company revealed in an Ontario Court on Wednesday that it frequently communicated with its competitor under previous managerial regime to raise the wholesale prices in unison, making bread costlier for Canadian consumers in the process.

Canada Bread to pay $50mn in fine for fixing price of bread for years in unison with rival

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Canada Bread to pay $50mn in fine for fixing price of bread for years in unison with rival