Canada Bread Co. Ltd. has been added to the federal government’s list of banned suppliers for its role in one of most notorious price-fixing ...
Canada Bread — one of the country’s biggest commercial bakeries, behind brands such as Dempster’s and Villaggio, among others —to four counts of price fixing and received a $50-million fine — the first major development in the case since news of the scheme first emerged in 2017. On Aug. 22, two months after the guilty plea, the federal government banned Canada Bread from bidding on government contracts for 10 years.
In a statement, Canada Bread said it respects the government’s policy on ineligible suppliers and is “working within such policy.” The company has been controlled by Mexican baking giant Grupo Bimbo S.A.B. de C.V. since 2014. In court documents earlier this summer, the company said it only learned about the price-fixing activity in 2017 when the Competition Bureau, a federal law enforcement agency, executed a search warrant against Canada Bread.
Grupo Bimbo said it fully co-operated with the investigation, handing over documents that were not seized during the bureau’s raid. The company has publicly said the offences happened before Grupo Bimbo took over the bakery, when Canada Bread was majority owned and controlled by Maple Leaf Foods Inc.
In exchange for Canada Bread’s co-operation, the bureau recommended leniency in sentencing. Ontario Superior Court Judge Maureen Forestell said Canada Bread’s fine of $50 million was below the maximum since the company’s co-operation and guilty plea saved “considerable time and costs.”
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