Canada Bread has agreed to pay at least $50 million for its role in fixing the price of bread for years, according to documents filed in an Ontario court.
“As of this Friday, actually, there will no longer be a maximum fine per offence, which will make the legal and financial risks to companies much more significant going forward,” he said.
This is honestly the biggest and best news in this article. Writing concrete numbers into a law is dumb. Especially in white collar crimes. It just feels like an invitation. Like: if you can make more than this, go ahead and do it.
And even for non white collar crimes. Any offence laden with only a fixed monetary fine basically doesn’t apply to rich people. Why would a billionaire care for a 5£ parking ticket? That’s what so great in Switzerland, they do fines as a portion of wealth.
