For anti-poverty activist Irene Breckon, it doesn’t make sense: the federal government will pocket the entire $50-million fine Canada Bread must pay for price-fixing.
“I’m glad they’re being penalized, but I really don’t want the government to have that money,” said Breckon, of Elliot Lake, Ont.
“That $50 million should be distributed to the people. Food prices are still high,” she said, referring to the fact that over the past year, grocery prices have increased nine per cent. Bakery products have jumped 15 per cent.
Against the backdrop of high food inflation, major bread producer Canada Bread admitted last week it colluded to fix prices —
