Canadian banks seek assets to offset mortgage slump

Call it the Homer Simpson approach to business growth: when the pie is shrinking, eat a bigger piece.

Canada’s big banks have been doing just that. Facing slower growth in the mortgage market and an unofficial government ban on buying one another, the five biggest lenders have been ravenously snapping up any other financial assets that have become available. It’s a trend that looks set to continue.

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DON’T WAIT TO BUY GOLD – BUY GOLD & WAIT

It’s not just the US central bank that’s printing money…

European Central Bank (ECB) President Mario Draghi has declared that it will buy unlimited quantities of European sovereign debt.

Japan’s central bank is expanding its current purchase program by around 10 trillion yen ($126 billion) to 80 trillion yen.

The Chinese, British, and Swiss are all adding to their balance sheets.

Read more: http://tinyurl.com/9cu6h56