Are Canada’s grocers conspiring to fix bread prices? Canada’s Competition Bureau confirmed Tuesday that it is conducting a criminal investigation related to price-fixing in the grocery industry. “The Ontario Superior Court of Justice in Ottawa granted search warrants based on evidence that there are reasonable grounds to believe that certain individuals and companies have engaged in activities contrary to the Competition Act,” according to a statement issued by the bureau late in the day. “Bureau officers are conducting searches and are gathering evidence to determine the facts. There is no conclusion of wrongdoing at this time and no charges have been laid.”Both Loblaw Companies Ltd. and Metro Inc. issued news releases late in the day confirming that they are aware of the investigation.

Source: thestar November 01, 2017 00:22 UTC