Canada Bread Company agreed to pay a $50 million fine on June 21 after pleading guilty to fixing the price of bread sold in grocery stores.
This fine is the highest ever imposed for a cartel offence in Canada — more than seven times higher than the previous record.
It is also the second-highest fine imposed on a corporation. Only the $280 million fine SNC-Lavalin agreed to pay as part of a 2019 plea deal settling foreign corruption and fraud charges was larger.
