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price fixing

Friday February 1, 2018

February 1, 2018 by Graeme MacKay

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Friday February 1, 2018

Bakers, grocers met to reach deals on bread prices, competition watchdog alleges

Senior officers at Canada’s two largest bread wholesalers communicated directly to raise prices in lockstep, then met with five retailers, who accepted the hike on condition their competitors would as well, the federal competition watchdog alleges in court documents released Wednesday.

December 1, 2007

The Competition Bureau believes wholesalers Canada Bread Company Ltd. and George Weston Ltd., as well as grocers Loblaw Companies Ltd., Walmart Canada Corp., Sobeys Inc., Metro Inc. and Giant Tiger Stores Ltd. committed indictable offences under the Competition Act, according to the previously sealed information to obtain documents.

Canada Bread and George Weston’s senior officers agreed to boost bread prices in tandem, typically by seven cents, for more than a decade starting in 2001, the documents allege.

The suppliers then allegedly met individually with their retail customers to get their approval for the price hike.

The retailers agreed to the boost on the condition their competitors would as well to maintain a fixed price in the market.

“Further, the retailers demanded that the suppliers actively manage retail competition by co-ordinating retail prices for their respective fresh commercial bread products and ensuring pricing alignment amongst the retailers,” the documents read.

The pattern became colloquially known as the 7/10 convention, according to the documents — with a usual seven cent price increase at wholesale and 10 cent price bump for the consumer in stores. (Source: CBC) 

 

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Posted in: Canada Tagged: bread, bureau, Canada, cartel; monopoly; mob; mafia, competition, gangsters, price fixing

December 1, 2007

December 1, 2007 by Graeme MacKay

Buried beneath the weight of all the news over Karlheinz Schreiber’s tedious performance before the House of Commons Ethics Committee was the announcement of another probe by Parliament into allegations of price fixing by Canada’s largest chocolate making companies. It’s been reported that the Canadian divisions of Nestle, Cadbury, Hershey and Mars are under investigation by regulators over alleged price fixing of chocolate bars. The Competition Bureau of Canada has requested that the companies hand over documents related to their pricing arrangements. It is understood that no charges have yet been made and that there is no solid evidence of any wrongdoing. Well, I thought it warranted a cartoon, even though I’m probably the only cartoonist who bothered with this story:

Posted in: Canada, Cartooning Tagged: cartel, Chocolate, commentary, price fixing, process

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