Canada Bread has agreed to pay at least $50 million for its role in fixing the price of bread for years, according to documents filed in an Ontario court.
Canada Bread has agreed to pay at least $50 million for its role in fixing the price of bread for years, according to documents filed in an Ontario court.
What I’d like to know is:
How much additional profit and/or revenue did Canada Bread take in due to the behavior that resulted in this fine?
I’ve read a few articles looking for this information but haven’t found this info. Does anyone have any insight?
Why do you think only $50M was the final negotiated number? It’s obviously more.
Exactly. If they made more than $50 million in profit from the price fixing, the fine is just another cost of doing business, with no incentive to stop the practice.