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.

Looking for more content and tips like this? Subscribe to our YouTube channel or follow us on Instagram for regular updates!

Subscribe on your Favorite Platform

More Episodes

Central man in a blue shirt sits with hands folded, while a suited figure to the left pulls a rope; a large Canadian coin and flags fill the background.

In today’s episode of Make Money Count, Marcus and Justin unpack something that sounds contradictory

Close-up of a smiling man on the left with blue grid background; blue panel labeled HOLD and red panel labeled HIKE open toward a government building, suggesting a prediction video

In today’s episode of Make Money Count, Marcus and Justin dig into a question that’s

fixed rates

In today’s episode of Make Money Count, Marcus opens with a comparison between bumper stickers

In today’s episode of Make Money Count, Marcus and Justin imagine something that will never

Mortgage Rate

In today’s episode of Make Money Count, Marcus and Justin break down what’s really driving

Mortgage

The Big Short. It’s a Wonderful Life. 99 Homes. The Money Pit. These movies have