Conversation

$500M fine for Weston/Loblaws in 14 year bread price-fixing scheme.

Loblaws revenue is $60B this year. It would have averaged less 2001-2015, but it would have been over $100B, so the fine is 0.005...

Assume you did well over 10y, making $100k/year, accumulating $1M, this would be a fine of $5000.

Hardly a punishment at all.

Loblaws army of accountants and tax planners will carefully shuffle it around to make it even less painful.

Notices