Welcome to the latest episode of Make Money Count! The Bank of Canada is expected to make another rate cut decision on December 11th—will it be a 25 or 50-basis-point hike? In today’s episode, Marcus & Justin explain what this means for your wallet, the record-breaking profits Canadian banks are raking in, and why mortgage brokers are more essential than ever in today’s market.

Episode Highlights

What to Expect from the Bank of Canada’s Rate Decision

Former Bank of Canada Governor Stephen Poloz warns that Canada is on the brink of a recession, with population growth hiding deeper economic issues. This makes the Bank of Canada’s decision even more crucial. Will we see a 25 or 50-basis-point hike? Marcus breaks it all down in this must-watch episode!

Canadian Banks’ Growing Profits

Did you know Canadian banks are projected to make $55 to $60 billion in profits this year? Ever wonder where this massive profitability comes from, and what it means for you as a Canadian?

Why Mortgage Brokers Are Essential Right Now

Banks focus on maximizing profits, not always giving you the best deal. So how can a mortgage broker help you save money and make smarter choices?

The Case for Variable-Rate Mortgages

Fixed-rate mortgages lock you in, but variable rates offer more flexibility—especially if rate cuts are on the horizon. So why do banks make it so hard to switch? Marcus & Justin break down how to navigate this and maximize your mortgage savings while avoiding hidden costs.

The Canadian financial landscape is challenging, but you don’t have to face it alone. From navigating interest rate changes to tackling unfair banking practices, Cannect is your partner in achieving smarter, more flexible financial solutions.

Get started today! Contact Us to explore how we can help you secure a better mortgage, invest in your future, or simply make your money work harder.