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Bank Scam in Canada: Why UK Victims Get Refunds and You Might Not

  Canadian Money Brief · Scam Watch · October 24, 2026 Two people got the same phone call. Both were told a bank fraud investigator needed their debit card as “evidence.” Both handed it to a courier. Both watched money vanish from their accounts. One of them had the entire loss refunded within days. The other was told the loss was on him . The difference wasn’t the scam, the bank or the carelessness. It was the country. What it means for you Canadian banks are not legally required to reimburse you when you’re tricked into handing over money or card access. Unless that changes, your best protection is knowing the script and acting fast. The checklists below take about two minutes to read. Same scam, two countries, two outcomes CBC’s Marketplace investigated this week and compared two victims of a bank-impersonation scam. In Canada, Asif Mohammed lost $7,200 this spring and never got all of it back. The caller claimed his card was needed as evidence and said his case had been passe...
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Canada Dodges Major Impact in Trump's Tariff Storm

In a sweeping move, U.S. President Donald Trump announced retaliatory tariffs targeting imports from dozens of countries. While Canada wasn't entirely spared, it avoided the harshest measures. The new tariffs include a 25% levy on foreign-made automobiles, which could have significant implications for Canada's auto industry. However, Canada is exempt from the baseline 10% tariff applied to other nations.

Trump's administration claims these tariffs aim to bolster domestic manufacturing, but critics warn of potential economic fallout, including higher consumer prices and strained international relations. Canada, already facing tariffs on steel, aluminum, and energy, remains cautious as bilateral tensions continue to rise.

Prime Minister Mark Carney has vowed to address these challenges, emphasizing the importance of preserving Canada's economic stability amid shifting trade dynamics. The situation underscores the delicate balance between maintaining trade partnerships and navigating protectionist policies.

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