Canadian analyst argues that a Trump win of the US presidency would be net benefit for Canadian economy
Matthew Barasch, Canadian equity strategist for RBC Capital Market, argues that if Donald Trump wins the presidency of the United States in November this would be a "net positive" for both the Canadian economy and Canadian stocks.
|Barsch bases his prediction on Trump's pro-oil policies, and proposals for lower tax rates. Barasch notes that reports about a Trump presidency should be taken with a grain of salt: “We would be very cautious with those who suggest that markets will crash and dogs and cats will live together upon a Trump victory as these types of stories often sell newspapers, but have little connection to reality." He made the remarks in a note to his clients.|