Globe and Mail Bombshell: Banks Are Driven by Profits!

Episode 154 of the Make Money Count podcast, hosted by Cannect Inc., titled "Globe and Mail Bombshell: Banks Are Driven by Profits!" was published on July 23, 2025 and runs 3 minutes.

July 23, 2025 ·3m · Make Money Count

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Summary

Are Canadian banks giving you biased financial advice? In this episode of Make Money Count, Marcus & Justin break down a recent Globe and Mail article that reveals how big banks are pressuring their advisors to meet sales targets, often at your expense. From mutual funds with hidden commissions to GICs and mortgage negotiations, this episode uncovers the truth behind the polished smiles at your local branch. - What’s really behind those “share classes”? - Why bank stocks are still up—despite being called out - And what you should be doing instead Don’t miss this eye-opening conversation.

Episode Description

Are Canadian banks giving you biased financial advice? In this episode of Make Money Count, Marcus & Justin break down a recent Globe and Mail article that reveals how big banks are pressuring their advisors to meet sales targets, often at your expense. From mutual funds with hidden commissions to GICs and mortgage negotiations, this episode uncovers the truth behind the polished smiles at your local branch.

- What’s really behind those “share classes”?

- Why bank stocks are still up—despite being called out

- And what you should be doing instead

Don’t miss this eye-opening conversation.

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