An Ontario superior court judge has approved a $500 million settlement in a class action suit related to a bread price fixing scheme.
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Judge approves $500 million settlement in bread price fixing class action
Loblaw and parent company to pay out $500 million in bread price fixing settlement
Grocery giant Loblaw (Loblaw Companies Limited) and parent company George Weston Limited announced yesterday a $500 million settlement had been reached concerning their involvement in a bread price-fixing scandal.
All major retailers agree to join Grocery Code of Conduct
All major retailers have agreed to join the Grocery Sector Code of Conduct, according to a statement by Agriculture and Agri-food Canada.
Loblaw to back Canada grocery code
The code has been the focus of considerable back and forth between food retailers and Ottawa
After months of negotiation, Loblaw Companies Limited (Loblaw) says it’s standing behind a proposed grocery code of conduct.
Report calls for consistent standard for agri-food climate reporting
Deloitte Canada says a unified, open-source framework needed to ensure consumer trust
Canada needs a simple, consistent and easy-to-use system to build on its green agriculture reputation, says a recent report from accounting firm Deloitte Canada.
Grocery code will stabilize producer incomes, say fruit and vegetable growers
The code has hit recent speed bumps as grocery giants Loblaw and Walmart have stalled signing on
Canada's proposed grocery code of conduct will usher in a new era of fairness and transparency and stabilize grower incomes, said the Fruit and Vegetable Growers of Canada (FVGC) in a statement Thursday.
Canada Bread fined $50 million over price-fixing
'Leniency' settlement follows breadmaker's guilty plea
A storied Canadian producer of bread and bakery products has a month to pay a $50 million fine for price-fixing in an ongoing federal probe which still has eyes on several major retailers. Ontario’s Superior Court on Wednesday sentenced Toronto-based Canada Bread Co. after the company pled guilty to four counts of fixing bread prices
Competition Bureau to probe soaring food prices
Retail food prices seen outpacing inflation
Reuters — Canada’s competition watchdog said on Monday it would examine factors impacting soaring food prices and whether more competition in the grocery stores sector could help lower costs for Canadians. Price rises for store-bought food have been outpacing the broader annual inflation rate for 10 consecutive months, and grew 11.4 per cent in September,
Loblaw beats estimates for quarterly revenue
Reuters — Canadian retailer Loblaw Cos. beat market estimates for quarterly revenue on Thursday, as demand for groceries and other essential items stayed strong. The pandemic-led trend of cooking at home has sustained even as COVID curbs have eased, continuing to help sales at grocery stores that benefited during last year’s lockdowns. Companies such as
Flatbread firm FGF buys Weston Foods bakery business
Weston selling to focus on retail, real estate
The parent company for Canadian grocery and retail giant Loblaw is taking a major step out of the baked goods business. George Weston Ltd. announced Oct. 26 it would sell its Weston Foods fresh and frozen bakery businesses to an arm of Toronto-based bakery firm FGF Brands for $1.2 billion. The company expects to close
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