With 73 per cent of consumers losing money, online shopping scams are one of the riskiest scams affecting Canadians.
With panic buying reported in parts of the country, the shortages in the supply of baby formula in the U.S. are beginning to have a ripple effect in Canada.
Though the Canadian government is closely monitoring the issue, some parents and caregivers have already started to face challenges.
Especially in some Canadian markets, the demand for special types of formula designed for babies with food allergies is reported to be higher than the supply.
In March, Health Canada issued a statement indicating some infant formulas made in the U.S. and destined for Canada (for babies with food allergies and other medical conditions) may be in short supply. Health Canada also implemented an interim policy allowing infant formula manufacturers in Europe to ship their products to Canada to mitigate the shortage.
However, due to shortage concerns, some parents will seek alternative methods for purchasing formula for their babies and toddlers, which could create opportunities for scammers.
According to the 2021 BBB scam tracker risk report, one-third of the scams received by Canadian BBBs last year were about online shopping scams.
With 73 per cent of consumers losing money, online shopping scams are one of the riskiest scams affecting Canadians.
With supply chain issues affecting the availability on a number of everyday products, including formula,…
