Bread price fixing

A PowerPoint presentation may have laid the groundwork for a bread price-fixing scheme involving some of Canada’s biggest bread makers and grocery chains, according to a sworn affidavit released recently.

The Competition Bureau official who submitted the affidavit claims that an unidentified source at Weston Bakeries told him Person X – a person of interest in the ongoing investigation whose identity has been ordered to be kept secret – put together the presentation to convince retailers that bread’s retail profitability was underperforming and that they should agree on a concerted price increase to fix the problem.

The affidavit claims the anonymous Weston Bakeries source gave Person X the impression he was willing to go along with the suggested price increase.

Person X’s lawyer says there is no evidence against his client. None of the allegations have so far been proven in court.

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