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  2. CBC Marketplace cautions bank gift...»

Consumers Council of Canada News

CBC Marketplace cautions bank gift cards don’t offer value consumers expect

by Author | Mar 31, 2011 | All

CBC Marketplace reports that in 2010 Canadians spent about six billion dollars on gift cards. But the CBC’s flagship consumer show reports it has heard many complaints from viewers about a certain kinds of gift card that are issued by banks, which does not adhere to the same rules applied to other gift cards under the jurisdiction of provinces. Banks say their product is federally regulated, making them free to operate in ways denied by law to non-bank gift card issuers in most provinces. Click here to view the program segment

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