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.
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.
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.
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:
Label 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.