Loblaw bread-fixing settlement money is landing in bank accounts. What are you spending your money on?
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- Loblaw Cos. Ltd. and its parent George Weston Ltd. agreed to pay $500 million to settle two class‑action lawsuits over a bread‑price‑fixing scheme that ran from 2001 to 2015.
- Canadian residents who bought packaged bread at any Canadian grocery store between Jan 1 2001 and Dec 31 2021 are eligible for compensation.
- Compensation amounts are $49.11 for non‑participants and $24.11 for participants in the $25 Loblaw Card Program in 2017.
- The Globe and Mail is soliciting stories from recipients about how they are spending the settlement money, via an online box or email to audience@globeandmail.com.
Why it matters: Canadian consumers who bought packaged bread now receive a cash payout of $49.11 or $24.11, while Loblaw and George Weston shoulder a $500 million settlement cost, directly transferring money from the retailer to households.
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