Loading...
Market
How will bread prices in Canada change by end of 2024 following the settlement?
3
Resolution / Starting Odds
Increase • 25%
Decrease • 25%
Remain stable • 25%
Fluctuate significantly • 25%
Market price data from grocery stores and industry reports
Story
Loblaw, George Weston to Pay $500M to Settle 14-Year Bread Price-Fixing Lawsuit
Jul 25, 2024, 02:45 PM
Loblaw Cos. Ltd. and its parent company, George Weston Ltd., have agreed to pay $500 million to settle a class-action lawsuit regarding their involvement in a 14-year bread price-fixing scheme. This settlement marks a record antitrust resolution in Canada. The lawsuit accused the companies of artificially inflating the price of bread over a 14-year period. CEO Galen Weston issued an apology, stating, 'This should have never happened.'
View original story
Similar markets
Yes • 50%
No • 50%
Increase by more than 5% • 25%
Decrease by more than 5% • 25%
No significant change • 25%
Other • 25%
Increase by more than 20% • 25%
Increase by less than 20% • 25%
No significant change • 25%
Decrease • 25%
Increase by over 10% • 25%
Decrease by over 10% • 25%
No significant change • 25%
Other • 25%
U.S. imposes tariff • 25%
Canada agrees to new terms • 25%
Mutual agreement reached • 25%
Dispute unresolved • 25%
Successful agreement reached • 25%
No agreement, tariffs imposed • 25%
Ongoing negotiations • 25%
Negotiations stalled • 25%
Mutual agreement reached • 25%
WTO ruling in favor of Canada • 25%
WTO ruling in favor of China • 25%
No resolution • 25%
No significant impact • 25%
Minor financial loss • 25%
Moderate financial loss • 25%
Severe financial loss • 25%
Price reductions • 25%
Promotions/Discounts • 25%
No change • 25%
Other measures • 25%
