North American Energy is a Game Changer

North American Energy is a Game Changer – RBC Capital Markets

The North American energy story is a game changer on many levels. While many of us focus on the impact it will have on the Manufacturing and Energy industries, its effects are far-reaching and should include:

· Substantial reduction in the current account deficit

· Stronger dollar

· Faster economic growth

· Higher valuations for financial assets

All of these are extremely positive for North American equities on an intermediate- to long-term basis.

 

 

RBC

Source: RBC Capital Markets

Disclaimer: This commentary has been prepared by the Portfolio Advisory Group using sources believed to be accurate and true. Data and other information are not warranted as to completeness or accuracy and are subject to change without notice. This material is not a complete analysis of all material facts respecting any security and therefore is not a sufficient basis alone on which to base an investment decision. IAs should refer to referenced research and news reports or consult with the Portfolio Advisory Group before making investment decisions or recommendations. Except where otherwise stated, Featured Comments and italicized editorial comments represent views and opinions of the Portfolio Advisory Group, compiled from multiple sources in an effort to provide timely insight, and should not be presented as the views of RBC or RBC CM research or forwarded to clients.