Rethinking Trust in Big Banks and Their Sales

July 23, 2025

Welcome to the latest episode of Make Money Count! A new Globe and Mail article just dropped a “shocking” revelation: Canadian banks may be pressuring their advisors to sell mutual funds based on internal sales targets, not in your best interests. Surprised? Neither were we.

Episode Highlights

Why It Matters to You

This isn’t just about headlines. This is about how you’re treated when you walk into your bank looking for advice. Banks offer mutual funds in “share classes” (A, B, C, etc.), each with different commission levels. The one you’re offered? It’s often based on how financially informed they think you are, not what’s best for you.

What You Can Do Instead

Negotiate harder. Ask smarter questions. And consider alternatives. Want to know why that matters more than ever? 👉 Watch the full episode.

People over Profits

At Cannect, we don’t earn commissions on what we offer. We’re not tied to sales targets. We just want to help you make smarter financial decisions, with full transparency. Need help with your credit or mortgage? Our team’s got your back, no judgment, just solutions.

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