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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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U.S. and China Seek Trade Truce in Switzerland Amid Tariff War

In a significant diplomatic move, senior officials from the United States and China are set to meet in Switzerland this week to discuss trade issues. This marks the first formal economic talks between the two nations since President Donald Trump imposed sweeping tariffs on Chinese imports, triggering retaliatory measures from Beijing.

The discussions will be led by U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer, while China will be represented by Vice Premier He Lifeng. The meeting aims to de-escalate tensions that have resulted in a trade war, with tariffs reaching 145% on Chinese goods and 125% on U.S. imports.

While expectations for a major trade deal remain low, officials hope to lay the groundwork for future negotiations. Bessent emphasized that the initial focus will be on reducing tensions rather than striking a comprehensive agreement. The talks come at a time when global markets are feeling the strain of prolonged trade disputes, with economists warning of potential economic downturns.

The meeting in Switzerland signals a cautious step toward resolving one of the most pressing economic conflicts of recent years. Whether it leads to meaningful progress remains to be seen, but both sides acknowledge the need for dialogue in an increasingly volatile trade landscape.

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