Business
Big grocers rigged bread prices and most walked away free

This article supplied by Troy Media.
By Sylvain Charlebois
Canada’s bread price-fixing scandal is one of the most damaging breaches of corporate trust in the history of Canadian food retail. The recent approval
of a $500-million class-action settlement by an Ontario court is a significant—though partial—step toward accountability. But the story isn’t over.
For over a decade, grocery giants secretly rigged the price of the country’s most basic food item, and most Canadians had no idea.
From 2001 to 2015, retailers and suppliers deliberately coordinated to raise the price of packaged bread, a basic household staple. This kind of illegal arrangement, known as price-fixing, occurs when supposed competitors agree to set prices rather than compete, driving up costs for consumers. Companies named in the lawsuit include Loblaw, its parent company George Weston Ltd., Metro, Sobeys, Walmart and Giant Tiger.
The impact on consumers was steep. Estimates suggest Canadians were overcharged by more than $5 billion over 14 years. The added cost was hidden in weekly grocery bills, largely unnoticed, but cumulatively devastating, especially for lower-income households that spend a greater share of their income on food.
The Competition Bureau, Canada’s competition watchdog, launched its investigation in 2015 after Loblaw came forward as a whistleblower under its Immunity and Leniency Program. In exchange for cooperating, Loblaw and George Weston were granted immunity from criminal prosecution. Their disclosure triggered years of scrutiny. In 2017, the companies attempted to contain the public backlash by offering $25 gift cards to 3.8 million Canadians, a gesture that cost $96 million and was widely seen as inadequate.
More recently, in 2023, Canada Bread pleaded guilty and paid a record $50-million fine for its role in the scheme. Although the violations occurred while it was owned by Maple Leaf Foods, it was Grupo Bimbo—which acquired Canada Bread in 2014—that took responsibility and cooperated with regulators. It was a rare show of accountability in a case otherwise marked by corporate silence.
Despite multiple companies being implicated, only Loblaw, George Weston and Canada Bread have admitted wrongdoing. No fines or sanctions have been imposed on the others. Walmart, Metro, Sobeys and Giant Tiger—all named by Loblaw—deny the allegations. Yet the investigation drags on nearly a decade later.
This imbalance in accountability has deepened public frustration. Many Canadians believe only those who stepped forward have faced consequences,
while others remain untouched. Or perhaps Loblaw threw its competitors under the bus in a calculated effort to save its own reputation?
The $500-million settlement—$404 million of it from Loblaw and George Weston —was approved by an Ontario judge earlier this month as “fair, reasonable, and in the best interests of class members.” The other $96 million reflects the earlier gift card program. What’s left to be paid amounts to about $13 per Canadian adult. After legal fees and administrative costs, 78 per cent of that will go to eligible Canadians outside Quebec, with the remaining 22 per cent reserved for Quebecers, pending a June 16 court hearing.
But for many, the money and the apologies do little to restore trust. If companies can quietly collude on something as essential as bread, it raises questions about what else might be going unnoticed in our grocery bills. The scandal exposed major weaknesses in Canada’s food retail system: toothless competition laws, limited pricing transparency and weak deterrents against collusion. These investigations take too long, and the damage to public confidence lingers long after the cheques are cashed.
Bread is not just a commodity. It symbolizes nourishment, affordability and stability. Manipulating its price isn’t just a legal violation; it’s a betrayal of public trust.
If this case is to be a turning point, it must lead to more than payouts. Canada needs stronger enforcement, faster investigations and real transparency in pricing. Without systemic reform, Canadians will remain vulnerable to the next coordinated “market adjustment,” hiding in plain sight on store shelves.
Dr. Sylvain Charlebois is a Canadian professor and researcher in food distribution and policy. He is senior director of the Agri-Food Analytics Lab at Dalhousie University and co-host of The Food Professor Podcast. He is frequently cited in the media for his insights on food prices, agricultural trends, and the global food supply chain.
Troy Media empowers Canadian community news outlets by providing independent, insightful analysis and commentary. Our mission is to support local media in helping Canadians stay informed and engaged by delivering reliable content that strengthens community connections and deepens understanding across the country
Banks
Canada Pension Plan becomes latest institution to drop carbon ‘net zero’ target

From LifeSiteNews
Changes to the law require companies to more rigorously prove their environmental claims.
The investment group in charge of Canada’s governmental pension plan has ditched its “net zero” mandate, joining a growing list of major institutions doing the same.
According to the Canada Pension Plan (CPP) Investments’ latest annual report, the entity is no longer committed to carbon “net-zero” by 2050. The CPP’s ditching of the target comes after a number of major institutions, including the Royal Bank of Canada (RBC), Toronto-Dominion Bank (TD), Bank of Montreal (BMO), National Bank of Canada, and the Canadian Imperial Bank of Commerce (CIBC), all made similar moves in recent months.
While ditching the net-zero effort, chief executive of CPP Investments John Graham maintained that it is still “really important to incorporate climate and incorporate sustainability” in its long-term investment portfolio.
The dropping of the “climate” target comes as recent changes to Canada’s Competition Act now mandate that companies prove any environmental claims they make, with Graham insinuating these changes were a factor in the decision.
“Recent legal developments in Canada have introduced, kind of, new considerations around how net-zero commitments are interpreted, so that’s caused us to change a little bit how we talk about it, but nothing’s changed on what we’re actually doing.”
Over the past decade, left-wing activists have used “net zero” and “environmental, social & governance” (ESG) standards to encourage major Canadian and U.S. corporations to take particular stands on political and cultural issues, notably in promotion of homosexuality, transgenderism, race relations, the environment, and abortion.
Outside of Canada, many major corporations have announced they are walking back DEI and other related policies. Some of the most notable include Lowe’s, Jack Daniel’s, and Harley Davidson. Other companies such as Disney, Target, and Bud Light have faced negative sales due to consumers fighting back and refusing to patronize the businesses.
Since taking power in 2015, the Liberal government, first under Justin Trudeau and now under Mark Carney, has continued to push a radical environmental agenda in line with those promoted by the World Economic Forum’s “Great Reset” and the United Nations’ “Sustainable Development Goals.” Part of this push includes the promotion of so called net-zero energy by as early as 2035.
Business
The Liberals Finally Show Up to Work in 2025

From the National Citizens Coalition
Canadians Demand Action, Not More Empty Promises
The National Citizens Coalition (NCC) today calls out the Liberal government for their belated return to the House of Commons in 2025, after months of dodging accountability while Canadians grapple with skyrocketing costs, unaffordable housing, crime and chaos, and the fallout of a decade of failed Liberal policies.
While the Liberals dust off their seats, millions of Canadians have been struggling to pay for groceries, keep a roof over their heads, or envision a future where hard work still pays off. The NCC demands the government stop hiding behind empty rhetoric and deliver meaningful, common-sense actions to address the crises they’ve exacerbated.
“After years of empty gestures, empty rhetoric, and empty promises, showing up to Parliament in 2025 isn’t an achievement – it’s the bare minimum. Canadians are drowning in high taxes, inflation, and a housing crisis, and they deserve real solutions, not more speeches,” says NCC Director Alexander Brown.
The NCC calls on the Liberal government to immediately prioritize:
Immediate tax relief to put money back in the pockets of hardworking Canadians, including axing the HIDDEN CARBON TAX on our Great Canadian businesses.
Concrete steps to slash immigration back to responsible, sustainable norms; including a crackdown on fraudulent ‘diploma mills,’ and the abolishment of the ‘Temporary Foreign Worker’ program, to protect Canadian jobs, and the jobs of our youth.
Meaningful, immediate efforts to increase housing supply, by slashing red tape and bureaucratic roadblocks that drive up development costs.
An end to wasteful spending on pet projects and corporate handouts that do nothing for struggling families.
Steps toward meaningful criminal justice reform; including an end to Liberal catch-and-release bail for repeat violent offenders.
A plan to restore economic opportunity, so young Canadians can afford homes and build a future without fleeing the country.
And it’s time to Kill Bill C-69 — and Build Pipelines.
Working Canadians have heard enough platitudes – it’s time for results. The government must act decisively to fix the mess they’ve created or step aside for those who will. With just a few short weeks before the Liberals abscond for another vacation, IMMEDIATE ACTION is required to match the urgency of the moment, and to atone for the insult of the Liberals’ cynical, dishonest, “elbows up” campaign that left millions of young, working-age Canadians without hope for the future.
About the National Citizens Coalition:
Founded in 1967, the National Citizens Coalition is a non-profit organization dedicated to advocating for lower taxes, less government waste, and greater individual freedom. We stand for common-sense policies that once again put Canadians first.
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