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.
Source: RBC Capital Markets
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