Busting Canada's Banks: CBC's Marketplace Reveals the Sneaky Bank Fees That Are Gouging Canadians, and Making Banks Rich

BUSTING THE BANKS airs Friday, Jan. 25 at 8 p.m. (8:30 NT) on CBC-TV

Canadians pay some of the highest bank fees in the world, and the banks are fattening their profits at our expense. Families are forking over small fortunes in fees, and some have no idea how much they're paying with all their accounts, cards and loans. In Busting the Banks, MARKETPLACE gives Canadians the tips they need to save money and reveals the sneaky ways banks are gouging us with their fees, helping them make record profits in 2012.

VIDEO: click here to see a sneak preview

Busting the Banks with Erica Johnson airs on CBC News' MARKETPLACE, Friday, Jan. 25 at 8 p.m. (8:30 NT) on CBC-TV.

MARKETPLACE goes undercover with hidden cameras in the big five banks to test how up front they are about bank fees. Canadians feel the banks are ripping them off, and Erica Johnson reveals how they're doing it in the fine print. It seems that every Canadian has a story to tell, so we call in an insider from the world of finance who was a Bay Street player for the big financial firms. He tells us that banks are making hundreds of millions of dollars a year from Canadians in bank fees alone... Our banks need to be busted, and MARKETPLACE is on the case.

MARKETPLACE has been nominated for three 2013 CSA Awards, including: Best News Information Series, Barbara Sears Award for Best Editorial Research for What FX?, and for Best Direction in a News Information Program or Series for When The Repairman Knocks.

Celebrating its 40th season this winter, MARKETPLACE takes a look back over the first five weeks at some of the series' most memorable moments, and features Canadians who have been impacted by MARKETPLACE's investigations. Winner of the 2011 Gemini Award for Best News Information Series, MARKETPLACE airs Fridays at 8 p.m. (8:30 NT) on CBC Television. MARKETPLACE also airs Saturdays at 9:30 p.m. ET and Sundays at 5:30 p.m. ET on CBC News Network. For more information on MARKETPLACE, visit our website at, join us on Facebook and follow us on Twitter: and Executive producer is Tassie Notar.

To view past episodes of MARKETPLACE, and other CBC programming, visit CBC Player, download the CBC App for your mobile devices, and download CBC podcasts.

About CBC News
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