Canada Bread has agreed to pay at least $50 million for its role in fixing the price of bread for years, according to documents filed in an Ontario court.
So because I’m not entirely sure how this all works, maybe someone can inform/correct me.
So a bunch of companies were working together to increase/overvalue the price of bread?
Isn’t that exactly what gas stations/companies have been doing for years now? There is a reason you don’t see gas station wars anymore, if individual stations don’t price their gas at what the company decides it’s worth they get slapped. How is that not price fixing?
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So because I’m not entirely sure how this all works, maybe someone can inform/correct me.
So a bunch of companies were working together to increase/overvalue the price of bread?
Isn’t that exactly what gas stations/companies have been doing for years now? There is a reason you don’t see gas station wars anymore, if individual stations don’t price their gas at what the company decides it’s worth they get slapped. How is that not price fixing?