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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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Bank of Canada Considered Waiting Until July to Cut Rates

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Bank of Canada officials recently discussed whether to delay interest rate cuts until July. Their primary concern was confirming that inflation remains on track to reach the central bank’s 2% target. Ultimately, the governing council decided to cut the policy rate to 4.75% at their June 5 meeting. This move followed four consecutive months of slowing underlying price pressures, which they deemed sufficient progress to warrant the rate reduction.

While policymakers acknowledged the possibility of further rate cuts if inflation continues to ease, they emphasized a gradual approach. The bank’s dependence on data was evident, as they considered waiting until July before making a decision. Additionally, they discussed the potential divergence of Canada’s interest rate path from that of the US, noting that expectations of different policy outlooks could impact the exchange rate.

In summary, the Bank of Canada’s decision reflects a delicate balance between economic indicators and the need for cautious monetary policy adjustments. As they continue to monitor inflation and economic growth, future rate cuts will depend on further disinflation momentum and evolving market conditions.

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