#4 – Royal Bank of Canada
Canada’s 2010 budget promises the lowest corporate tax rate in the G-7 by 2012. The current rate of 22.12% will be reduced to 15% by 2012, making Canada much more competitive. Look for a flood of American companies to cross the border, along with their capital investments, to take advantage of the lower tax rates. That means big business for the Royal Bank of Canada (NYSE: RY), the largest Canadian Bank. RY stock is around $50 as of this writing, making it a great value buy near the bottom of its 52-week range.