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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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Loonie Slips as Jobless Rate Rises, Fueling Rate Cut Speculation

 

The Canadian dollar weakened to a three-week low against the U.S. dollar on Friday, as rising unemployment fueled expectations of further interest rate cuts by the Bank of Canada. The loonie traded 0.1% lower at 1.3935 per U.S. dollar, marking a 0.8% decline for the week.

Canada's unemployment rate climbed to 6.9% in April, surpassing economists' expectations of 6.8%, with the economy adding just 7,400 jobs. Analysts suggest that ongoing trade uncertainties are weighing on employment, increasing the likelihood of monetary policy easing in June.

Investor sentiment has shifted, with markets now pricing in a 60% chance of a rate cut at the Bank of Canada's next policy meeting on June 4, up from 46% before the employment report. Meanwhile, Canadian bond yields eased across the curve, reflecting concerns over economic slowdown.

The U.S. dollar, in contrast, strengthened on optimism surrounding upcoming U.S.-China trade talks, while crude oil prices—one of Canada's key exports—rose 1.5% to $60.82 per barrel.

With economic uncertainty looming, all eyes are on the Bank of Canada’s next move. Will policymakers opt for another rate cut to support growth, or will they hold steady amid global market shifts? 



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