Bakery giant Canada Bread Co. has been fined $50 million after pleading guilty to its role in a criminal price-fixing scheme that inflated the wholesale price of bread in Canada for years. It’s the highest price-fixing fine ever imposed by a Canadian court, the Competition Bureau of Canada said Wednesday. The settlement is a significant milestone in the Competition Bureau’s ongoing investigation into alleged bread price-fixing […]
A day after Bunge Limited and Viterra announced a deal that will see them merge into one agri-business company, reaction has been coming in. Jim Smolik, a stakeholder relations person with Western Canadian Wheat Growers Association, says the deal shows the reality of businesses having to increase in size in order to meet demand. “One […]