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Claim Your Share: Navigating the $500-Million Bread Price-Fixing Settlement

  Canadians who purchased packaged bread between January 1, 2001, and December 31, 2021 , may be eligible for compensation from a $500-million class-action settlement . This lawsuit accused major grocery chains, including Loblaw Companies Ltd. and George Weston Ltd. , of participating in a price-fixing scheme that artificially inflated bread prices. Who Can Apply? Eligible claimants include individuals and businesses that bought packaged bread in Canada during the specified period. The settlement covers most packaged bread products , but excludes fresh in-store baked goods, artisan loaves, and frozen bread. How to File a Claim Once the settlement process is finalized, an online claims porta l will be available for submissions. Claimants will need to provide details about their bread purchases, though proof of purchase is not required for claims up to $25 . Those who previously received a $25 Loblaw gift card  in 2018–2019 can still apply, but the gift card amount will be deduc...
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S&P/TSX Composite Rises and Nasdaq Leads Wall Street Rally After Tech Earnings


On Friday, the S&P/TSX composite index saw gains, while U.S. markets also rose, driven by strong performances in tech stocks. The Nasdaq surged by two percent, fueled by impressive earnings reports from major tech companies like Microsoft and Alphabet.

Key Highlights:

  1. Tech Stocks Shine: Large tech names played a pivotal role in the rally. Both Microsoft and Alphabet reported solid earnings, boosting investor confidence. Alphabet even announced its first quarterly dividend.

  2. Interest Rates and Shareholder Returns: The higher interest rate environment has benefited companies with substantial cash reserves. These firms are now seeing better returns on their cash, allowing them to reward shareholders.

  3. Fed and Inflation: The U.S. Federal Reserve closely monitors inflation. The recent personal consumption expenditure report indicated that inflation remained stubbornly high in March but was in line with forecasts. Investors are still expecting at least one rate cut from the Fed later this year.

  4. Market Volatility: Despite recent economic reports coming in stronger than expected, the markets experienced volatility. April could potentially be the first down month for Wall Street after a significant rally earlier in the year.

Market Closings:

  • S&P/TSX Composite Index: Closed up 83.86 points at 21,969.24.
  • Dow Jones Industrial Average: Up 153.86 points at 38,239.66.
  • S&P 500 Index: Up 51.54 points at 5,099.96.
  • Nasdaq Composite: Up 316.14 points at 15,927.90.

Commodity Prices:

  • Canadian Dollar (CAD): Traded at 73.16 cents US.
  • Crude Oil (June Contract): Up 28 cents at US$83.85 per barrel.
  • Natural Gas (May Contract): Down three cents at US$1.61 per 1,000 cubic feet.
  • Gold (June Contract): Up US$4.70 at US$2,347.20 per ounce.
  • Copper (May Contract): Up four cents at US$4.56 per pound.

In summary, the tech sector’s strong performance drove market gains, while investors closely monitored inflation and interest rates. Despite recent volatility, the overall market remains resilient.


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