21:18:44 EDT Tue 21 May 2024
Enter Symbol
or Name
USA
CA



George Weston Ltd
Symbol WN
Shares Issued 137,183,576
Close 2023-09-07 C$ 151.00
Market Cap C$ 20,714,719,976
Recent Sedar Documents

FP says George Weston sees Ottawa ban Canada Bread

2023-09-08 09:04 ET - In the News

Also In the News (C-L) Loblaw Companies Ltd

The Financial Post reports in its Friday edition that Canada Bread has been added to the federal government's list of banned suppliers for its role in a price-fixing conspiracy. The Post's Jake Edmiston writes that Canada Bread in June pleaded guilty to four counts of price fixing and received a $50-million fine, the first major development since news of the scheme emerged in 2017. On Aug. 22, two months after the guilty plea, the federal government banned Canada Bread from bidding on government contracts for 10 years. The move means Canada Bread can no longer supply bread and rolls to the Department of National Defence, though the reputational harm could be the tougher blow. Canada Bread is now one of just five companies on the federal government's list of "ineligible and suspended suppliers" -- a program that started in 2015 as a way of keeping unethical players away from the public purse. Court documents show the bureau found that a senior officer at Canada Bread co-ordinated two wholesale price increases between 2007 and 2011 with executives at the company's main competitor, Weston Foods, which was controlled at the time by George Weston, which also controls Canada's largest retailer, Loblaw.

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