According to the Competition Bureau, some of the biggest companies were literally nickel\u002Dand\u002Ddiming you on the price of basic food products.
What isn’t up for debate is that Canada Bread and Weston were owned by two of Canada’s richest families when, according to the Competition Bureau, this price fixing took place. The McCain family of Toronto owned Maple Leaf Foods, which owned Canda Bread at the time, and the Weston family, famously represented by Galen Weston Jr. in those ads for Loblaws, owned not only Loblaws, but Weston Foods, their bakery division.
If the admissions in the guilty plea are true, then you have to ask: For what? To pad the profits of highly successful companies and bank accounts of the rich families that owned them? “We are not aware of any wrongdoing by Canada Bread or its senior leadership during the time that we were a shareholder,” Maple Leaf said in a statement. “We are not aware of and have never engaged in inappropriate or anticompetitive activity, and we will defend ourselves vigorously against any allegation to the contrary.”Article content
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