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n January 2016 the Competition Bureau of Cananda investigated alleged price-fixing in the bread industry extending from 2001 through March 2015. As a result, Canada Bread a subsidiary of Grupo Bimbo SAB de CV paid a fine of US$35 million.
Canada Bread was acquired by Grupo Bimbo in 2014 at which time Maple Leaf owned 90 percent of the voting stock. Recently Maple Leaf Foods alleged that Canada Bread defamed Maple Leaf Foods, a shareholder and major meat packer in published statements.
It is anticipated that the Maple Leaf claim and counterclaims by Canada Bread will continue at considerable expense until settled, with the probability of degrading the corporate image of both parties.