US Wrap: Resource-based investing remains popular

Oil and other resources are popular theme for US market

Resource-based investments have become a strong recurring theme in the US and Canada. The latest issuance offers products based on oil, gas and coal. Royal Bank of Canada has issued a reverse convertible based on the stocks of ATP Oil & Gas Corp.

Resource-based investing in Canada has tax incentives, as the government wants to encourage investment in its plentiful resources. "Being a resourced-based country and a huge land base, we don't have enough people to take care of resources. The governme

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