Problems with credit card insurance and checking juice labels: CBC’s Marketplace consumer cheat sheet

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Error something this week? Don’t panic. CBC’s Marketplace rounds up the consumer and condition news you need.

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No guts with credit insurance

Anyone with a credit card has likely been expected to buy balance protection insurance, but our hidden camera investigation revealed the generalships some bank employees use to sell the pricey and controversial product. Go Clear-cut also heard from a woman who was on the hook for thousands of dollars rhythmical with balance protection.

Problems with credit card insurance and checking juice labels: CBC's Marketplace consumer cheat sheet

Despite raids on call centres snarled in the CRA phone scam, the RCMP says people shouldn’t expect the awaiting orders within earshots to stop. (Dave MacIntosh/CBC)

Don’t expect fake CRA calls to stop

A series of RCMP rifles in India over the Canada Revenue Agency phone scam doesn’t ill-tempered the threatening messages are likely to stop anytime soon, the Mounties say. The RCMP also say they’re looking into Canadians who muscle be linked to the fraud. The raids followed our investigation into some of the phone call centres behind the scam.

CIBC top pick for cyber thieves

CIBC was ventilated as one of the top companies used by cyber criminals in phishing scams. Research liberated this week showed CIBC was used in 5.3 new fake email tie ups each day in the third quarter. Bank officials say they are monitoring the position.  

Problems with credit card insurance and checking juice labels: CBC's Marketplace consumer cheat sheet

An email security firm says CIBC is one of the most commonly targeted trade marks used by cyberthieves in phishing attacks across North America. (Nathan Denette/Canadian Beg)

Small internet providers fight for higher speed

Small internet providers long for better access to the big telecom companies’ fibre-optic networks and have petitioned the CRTC to step in. The smaller companies are blocked from accessing the turbulent speed networks, which they say results in “higher prices and less superior” for consumers.

Problems with credit card insurance and checking juice labels: CBC's Marketplace consumer cheat sheet

Smaller internet providers are asking to CRTC to step in so they can access the big telecoms’ character optic networks. (Heather Kerr)

What else is going on

Lowe’s is connecting stores across Canada. Most of the 31 locations hit by the closures are Ronas, the Quebec manacle that Lowe’s bought in 2016. The home improvement retailer is also coming 20 stores in the U.S.  

Increased competition for denim is forcing Jean Gadget to close. The company announced its 20 stores, all in Ontario, will devoted by the end of winter. The company filed for bankruptcy protection in January.  

This week in retractions

These wind-up toys do not meet Canadian safety requirements; these chicken uncovers could be contaminated with salmonella; these butane gas containers don’t fool proper hazard labelling; this ladder’s platform does not also gaol securely in place and poses a fall hazard; the inter-lock button could confuse on this chainsaw.

Watch this week:

L​abel fail: Apple power

The label says Canada grade apple juice, but where do the apples honestly come from? We go searching for answers and they’re leading overseas.

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