In new court filings, Metro Inc. is accusing Loblaw Cos. Ltd. and its parent company of conspiring to implicate Metro in an alleged bread price-fixing conspiracy. A worker walks around a Metro grocery store in Toronto, Tuesday, July 18, 2023. THE CANADIAN PRESS/Cole Burston
In new court filings, Metro Inc. is accusing Loblaw Cos. Ltd. and its parent company of conspiring to implicate Metro in an alleged bread price-fixing scheme.
Metro has submitted a statement of defence and crossclaim in Ontario Superior Court, responding to a class-action lawsuit that implicates it and several other grocers in the alleged conspiracy.
The grocer denies being involved in bread price-fixing, which is also the subject of a federal Competition Bureau investigation.
Loblaw said the allegations by Metro are ridiculous and untrue.
Bakery supplier Canada Bread Co. recently filed its own statement of defence in the class-action suit, in which it denied participating in a wide-ranging conspiracy to fix the price of bread.
In June, Canada Bread admitted to four counts of price-fixing under the Competition Act and was fined $50 million.
This report by The Canadian Press was first published Dec. 20, 2023.
Companies in this story: (TSX:MRU, TSX:L, TSX:EMP.A, TSX:WN)
