Barack Obama’s re-election to a second term is a better outcome for Canada than a Romney win would have been, numerous Canadian economists said Wednesday in reaction to U.S. election results.

Though it was by no means a consensus, the vast majority of big bank economists' statements Wednesday morning cast a second Obama term as a positive thing for Canada.

“Growth will likely track slightly higher than what a Romney presidency would have seen, given Obama’s preference for reducing the deficit via tax increases rather than cuts to government spending,” CIBC economists Peter Buchanan and Emanuella Enenajor wrote in a client note, adding that “spending and transfers or tax cuts to the poor have a greater bang-for-buck than tax cuts for higher-income earners.”

BMO economist Robert Kavcic took a historic view. “Note that since 1950, the market has performed substantially better under Democrat Presidents than under Republicans, largely thanks to some fortuitous timing around the dot-com bubble and Great Recession,” he wrote.

On issues of particular interest to Canada’s economy, the CIBC analysts suggested Obama might be better for Canada’s energy industry — precisely because of the U.S. president’s reluctance to expand drilling in the U.S.

“As opposed to a Romney presidency, Obama’s reign will likely see less offshore drilling on federal lands—a factor that could result in greater dependence on Canadian energy,” they wrote.

STORY CONTINUES BELOW SLIDESHOW

Loading Slideshow...
  • Barack Obama accompanied by First Lady Michelle and daughters Sasha and Malia appears on stage on election night in Chicago. JEWEL SAMAD/AFP/Getty Images

  • Barack Obama

    President Barack Obama, with his daughter Malia wave toward the crowd at his election night party Wednesday, Nov. 7, 2012, in Chicago. President Obama defeated Republican challenger former Massachusetts Gov. Mitt Romney. (AP Photo/Charles Rex Arbogast)

  • Barack Obama

    President Barack Obama walks out of the stage with his wife Michelle and daughters Sasha and Malia at his election night party Wednesday, Nov. 7, 2012, in Chicago. President Obama defeated Republican challenger former Massachusetts Gov. Mitt Romney. (AP Photo/Pablo Martinez Monsivais)

  • Barack Obama, Michelle Obama, Sasha Obama, Malia Obama

    President Barack Obama waves as he walks on stage with first lady Michelle Obama and daughters Malia and Sasha at his election night party Wednesday, Nov. 7, 2012, in Chicago. Obama defeated Republican challenger former Massachusetts Gov. Mitt Romney. (AP Photo/Carolyn Kaster)

  • Barack Obama

    President Barack Obama addresses the crowd at his election night party Wednesday, Nov. 7, 2012, in Chicago. President Obama defeated Republican challenger former Massachusetts Gov. Mitt Romney. (AP Photo/M. Spencer Green)

  • Barack Obama

    President Barack Obama speaks at his election night party Wednesday, Nov. 7, 2012, in Chicago. President Obama defeated Republican challenger former Massachusetts Gov. Mitt Romney. (AP Photo/Pablo Martinez Monsivais)

  • Barack Obama

    President Barack Obama speaks at his election night party Wednesday, Nov. 7, 2012, in Chicago. President Obama defeated Republican challenger former Massachusetts Gov. Mitt Romney. (AP Photo/Chris Carlson)

  • Barack Obama

    President Barack Obama smiles during his speech at his election night party Wednesday, Nov. 7, 2012, in Chicago. President Obama defeated Republican challenger former Massachusetts Gov. Mitt Romney. (AP Photo/Charles Rex Arbogast)

  • Barack Obama

    President Barack Obama acknowledges the crowd at his election night party Wednesday, Nov. 7, 2012, in Chicago. President Obama defeated Republican challenger former Massachusetts Gov. Mitt Romney. (AP Photo/M. Spencer Green)

  • US-VOTE-2012-ELECTION-OBAMA

    US President Barack Obama arriveS on stage after winning the 2012 US presidential election November 7, 2012 in Chicago, Illinois. Obama swept to re-election, forging history again by defying the dragging economic recovery and high unemployment which haunted his first term to beat Republican Mitt Romney. AFP PHOTO / Saul LOEB (Photo credit should read SAUL LOEB/AFP/Getty Images)

  • US-VOTE-2012-ELECTION-OBAMA

    US President Barack Obama and family arrive on stage after winning the 2012 US presidential election November 7, 2012 in Chicago, Illinois. Obama swept to re-election, forging history again by defying the dragging economic recovery and high unemployment which haunted his first term to beat Republican Mitt Romney. AFP PHOTO / Saul LOEB (Photo credit should read SAUL LOEB/AFP/Getty Images)

  • US-VOTE-2012-ELECTION-OBAMA

    US President Barack Obama and family arrive on stage after winning the 2012 US presidential election November 7, 2012 in Chicago, Illinois. Obama swept to re-election, forging history again by defying the dragging economic recovery and high unemployment which haunted his first term to beat Republican Mitt Romney. AFP PHOTO / Saul LOEB (Photo credit should read SAUL LOEB/AFP/Getty Images)

  • President Barack Obama accompanied First Lady Michelle and daughters Sasha and Malia waves to supporters on stage on election night in Chicago. President Barack Obama swept to re-election Tuesday, forging history again by transcending a slow economic recovery and the high unemployment which haunted his first term to beat Republican Mitt Romney. JEWEL SAMAD/AFP/Getty Images

  • US President Barack Obama waves to supporters as he arrives accompanied by (from L-R ) First Lady Michelle and daughters Malia and Sasha on election night in Chicago. JEWEL SAMAD/AFP/Getty Images

  • US President Barack Obama and family arrive on stage after winning the 2012 US presidential election. SAUL LOEB/AFP/Getty Images

  • Republican presidential candidate Mitt Romney concedes defeat November 6, 2012 in Boston, Massachusetts, telling supporters that he had called US President Barack Obama to congratulate him on his victory. (DON EMMERT/AFP/Getty Images)

  • Republican Presidential Candidate Mitt Romney Holds Election Night Gathering In Boston

    BOSTON, MA - NOVEMBER 07: Republican presidential candidate, Mitt Romney, waves to the crowd while speaking at the podium as he concedes the presidency during Mitt Romney's campaign election night event at the Boston Convention & Exhibition Center on November 7, 2012 in Boston, Massachusetts. After voters went to the polls in the heavily contested presidential race, networks projected incumbent U.S. President Barack Obama has won re-election against Republican candidate, former Massachusetts Gov. Mitt Romney. (Photo by Justin Sullivan/Getty Images)

  • Republican Presidential Candidate Mitt Romney Holds Election Night Gathering In Boston

    BOSTON, MA - NOVEMBER 07: Republican presidential candidate, Mitt Romney greets supporters as he concedes the presidency during his campaign election night event at the Boston Convention & Exhibition Center on November 7, 2012 in Boston, Massachusetts. After voters went to the polls in the heavily contested presidential race, networks projected incumbent U.S. President Barack Obama has won re-election against Republican candidate, former Massachusetts Gov. Mitt Romney. (Photo by Rick Wilking-Pool/Getty Images)

  • Mitt Romney, Ann Romney, Paul Ryan

    Republican presidential candidate and former Massachusetts Gov. Mitt Romney, left, wife Ann Romney, center, and Republican vice presidential candidate, Rep. Paul Ryan, R-Wis., stand on stage after Romney conceded the race during his election night rally, Wednesday, Nov. 7, 2012, in Boston. (AP Photo/Stephan Savoia)

  • Mitt Romney, Ann Romney, Paul Ryan, Janna Ryan

    Republican presidential candidate and former Massachusetts Gov. Mitt Romney and his wife Ann, left, and Republican vice presidential candidate, Rep. Paul Ryan, R-Wis., and his wife Janna, right, are joined by their families on stage after Romney conceded the race during his election night rally, Wednesday, Nov. 7, 2012, in Boston. (AP Photo/David Goldman)

  • Mitt Romney, Ann Romney, Paul Ryan, Janna Ryan

    Republican presidential candidate and former Massachusetts Gov. Mitt Romney and his wife Ann stand on the stage with Republican vice presidential candidate, Rep. Paul Ryan, R-Wis., and his wife Janna after Mitt Romney conceded the race during his election night rally, Wednesday, Nov. 7, 2012, in Boston. (AP Photo/David Goldman)

  • Mitt Romney, Ann Romney, Paul Ryan, Janna Ryan

    Republican presidential candidate and former Massachusetts Gov. Mitt Romney and his wife Ann are joined by their son Craig Romney, right, and other family members on stage after Romney conceded the race during his election night rally, Wednesday, Nov. 7, 2012, in Boston. (AP Photo/Elise Amendola)

  • Republican Presidential Candidate Mitt Romney Holds Election Night Gathering In Boston

    BOSTON, MA - NOVEMBER 07: Republican presidential candidate, Mitt Romney, speaks at the podium as he concedes the presidency during Mitt Romney's campaign election night event at the Boston Convention & Exhibition Center on November 7, 2012 in Boston, Massachusetts. After voters went to the polls in the heavily contested presidential race, networks projected incumbent U.S. President Barack Obama has won re-election against Republican candidate, former Massachusetts Gov. Mitt Romney. (Photo by Alex Wong/Getty Images)

  • Republican Presidential Candidate Mitt Romney Holds Election Night Gathering In Boston

    BOSTON, MA - NOVEMBER 07: Republican presidential candidate, Mitt Romney, waves to the crowd while standing at the podium before conceding the presidency during Mitt Romney's campaign election night event at the Boston Convention & Exhibition Center on November 7, 2012 in Boston, Massachusetts. After voters went to the polls in the heavily contested presidential race, networks projected incumbent U.S. President Barack Obama has won re-election against Republican candidate, former Massachusetts Gov. Mitt Romney. (Photo by Justin Sullivan/Getty Images)

  • Republican Presidential Candidate Mitt Romney Holds Election Night Gathering In Boston

    BOSTON, MA - NOVEMBER 07: Republican presidential candidate, Mitt Romney, waves to the crowd before conceding the presidency during Mitt Romney's campaign election night event at the Boston Convention & Exhibition Center on November 7, 2012 in Boston, Massachusetts. After voters went to the polls in the heavily contested presidential race, networks projected incumbent U.S. President Barack Obama has won re-election against Republican candidate, former Massachusetts Gov. Mitt Romney. (Photo by Joe Raedle/Getty Images)

  • Republican Presidential Candidate Mitt Romney Holds Election Night Gathering In Boston

    BOSTON, MA - NOVEMBER 07: Republican presidential candidate, Mitt Romney, kisses his wife, Ann Romney, after conceding the presidency during Mitt Romney's campaign election night event at the Boston Convention & Exhibition Center on November 7, 2012 in Boston, Massachusetts. After voters went to the polls in the heavily contested presidential race, networks projected incumbent U.S. President Barack Obama has won re-election against Republican candidate, former Massachusetts Gov. Mitt Romney. (Photo by Matthew Cavanaugh/Getty Images)

  • Barack Obama, Michelle Obama

    President Barack Obama and first lady Michelle Obama walk off Air Force One after arriving at O'Hare International Airport in Chicago, Tuesday, Nov. 6, 2012. (AP Photo/Paul Beaty)

  • Barack Obama

    President Barack Obama greets first lady Michelle Obama on the tarmac as she arrives at Des Moines International Airport on Air Force One, Monday, Nov. 5, 2012, in Des Moines, Iowa, en route to a campaign event. (AP Photo/Carolyn Kaster)

  • Joe Biden

    Vice President Joe Biden hugs Anne Holton, wife of Democratic U.S. Senate candidate Tim Kaine on the tarmac of the Roanoke Virginia Airport in Roanoke, Va., Monday, Nov. 5, 2012. Biden made a surprise visit to Roanoke arriving via Air Force Two with Democratic U.S. Senate candidate Tim Kaine and U.S. Sen. Mark Warner. (AP Photo/The Roanoke Times, Kyle Green, Pool)

  • Mitt Romney

    Republican presidential candidate and former Massachusetts Gov. Mitt Romney waves to reporters after he took questions on his campaign plane en route from Pittsburgh to Boston, Tuesday, Nov. 6, 2012. At right is senior adviser Kevin Madden. (AP Photo/Charles Dharapak)

  • Mitt Romney

    Republican presidential candidate and former Massachusetts Gov. Mitt Romney arrives on his campaign plane at Boston's Logan Airport, Tuesday, Nov. 6, 2012. (AP Photo/Charles Dharapak)

  • Republican

    A spectator reacts to a change in the Florida early projections sen on a television during Republican presidential candidate and former Massachusetts Gov. Mitt Romney's election night rally, Tuesday, Nov. 6, 2012, in Boston. (AP Photo/David Goldman)

  • Cean Orrett, 45, center, and Gareth Edmondson-Jones, 46, of San Diago, both recently married in New York, react to positive predictions for President Barack Obama as crowds watch election results in Times Square, Tuesday, Nov. 6, 2012, in New York. After a year of campaigning, polls have begun to close after Americans across the United States headed to the polls to decide the winner of the tight presidential race between President Barack Obama and Republican presidential candidate, former Massachusetts Gov. Mitt Romney. (AP Photo/ John Minchillo)

  • Nancy French, from Columbia, Tenn., watches vote results displayed on a television screen during Republican presidential candidate and former Massachusetts Gov. Mitt Romney's election night rally, Tuesday, Nov. 6, 2012, in Boston. (AP Photo/David Goldman)

  • Spencer Siady, left, and Vinay Cardwell, of Salt Lake CIty, react as disappointing numbers dis come in for Republican Presidential candidate Mitt Romney during election night party for the Republicans at the Hilton Hotel in Salt Lake City, Utah Tuesday, Nov. 6, 2012. (AP Photo/The Salt Lake Tribune, Steve Griffin) DESERET NEWS OUT; LOCAL TV OUT; MAGS OUT

  • A supporter reacts to voting results displayed on a television screen during Republican presidential candidate and former Massachusetts Gov. Mitt Romney's election night rally, Tuesday, Nov. 6, 2012, in Boston. (AP Photo/David Goldman)

  • Mitt Romney supporters watch presidential returns during a GOP watch party, Tuesday, Nov. 6, 2012, in Las Vegas. (AP Photo/Julie Jacobson)

  • The Democratic party faithful gathered at the Minnesota DFL Party headquarters at the Crowne Plaza Hotel in downtown St. Paul, Minn. to hear election results Tuesday night, Nov. 6, 2012. Minneapolis Mayor R.T. Rybak went crowd surfing, with his mother Loraine, after it was announced that Pres. Barack Obama had won re-election. (AP Photo/David Joles/ Star Tribune)

  • Arizona Democrats celebrate as President Barack Obama is declared the winner of the presidential race at Democratic Party gathering, Tuesday, Nov. 6, 2012, in Tucson, Ariz.(AP Photo/Ross D. Franklin)

  • Supporters of President Barack Obama Shauna Harry, left, and Alana Hearn celebrate by leaping in the air at New York State Democratic Headquarters following Election Day, Tuesday, Nov. 6, 2012. (AP Photo/Kathy Willens)

  • President Obama Holds Election Night Event In Chicago

    CHICAGO, IL - NOVEMBER 06: Supporters of U.S. President Barack Obama attend the Obama Election Night watch party at McCormick Place November 6, 2012 in Chicago, Illinois. Obama is going for reelection against Republican candidate, former Massachusetts Governor Mitt Romney. (Photo by Spencer Platt/Getty Images)

  • American Expats Gather To Watch Coverage Of The U.S. Presidential Elections

    LONDON, ENGLAND - NOVEMBER 06: Supporters of U.S. President Barack Obama cheer while watching coverage of the U.S. Presidential Elections on on November 6, 2012 in London, England. U.S. President Barack Obama and Republican presidential candidate Mitt Romney are in a virtual tie in the national polls. (Photo by Bethany Clarke/Getty Images)

  • President Obama Holds Election Night Event In Chicago

    CHICAGO, IL - NOVEMBER 06: A supporter of U.S. President Barack Obama attends the Obama Election Night watch party at McCormick Place November 6, 2012 in Chicago, Illinois. Obama is going for reelection against Republican candidate, former Massachusetts Governor Mitt Romney. (Photo by Spencer Platt/Getty Images)

  • US-VOTE-2012-ELECTION-OBAMA

    Supporters of US President Barack Obama watch voting results on election night November 6, 2012 in Chicago, Illinois. AFP PHOTO / Robyn Beck (Photo credit should read ROBYN BECK/AFP/Getty Images)

  • President Obama Holds Election Night Event In Chicago

    CHICAGO, IL - NOVEMBER 06: Supporters of U.S. President Barack Obama cheer after networks project Obama as reelected during the Obama Election Night watch party at McCormick Place November 6, 2012 in Chicago, Illinois. Networks project Obama has won reelection against Republican candidate, former Massachusetts Governor Mitt Romney. (Photo by Chip Somodevilla/Getty Images)

  • President Obama Holds Election Night Event In Chicago

    CHICAGO, IL - NOVEMBER 06: Supporters of U.S. President Barack Obama cheer after networks project Obama as reelected during the Obama Election Night watch party at McCormick Place November 6, 2012 in Chicago, Illinois. Networks project Obama has won reelection against Republican candidate, former Massachusetts Governor Mitt Romney. (Photo by Spencer Platt/Getty Images)

  • Republican Presidential Candidate Mitt Romney Holds Election Night Gathering In Boston

    BOSTON, MA - NOVEMBER 06: Spectators react to President Obama's projected re-election displayed on large televisions during Mitt Romney's campaign election night event at the Boston Convention & Exhibition Center on November 6, 2012 in Boston, Massachusetts. Voters went to polls in the heavily contested presidential race between incumbent U.S. President Barack Obama and Republican challenger Mitt Romney. (Photo by Joe Raedle/Getty Images)

  • US-VOTE-2012-ELECTION-OBAMA

    Supporters of US President Barack Obama celebrate as CNN projects victory for Obama on election night November 6, 2012 in Chicago, Illinois. AFP PHOTO / Saul LOEB (Photo credit should read SAUL LOEB/AFP/Getty Images)

  • US-VOTE-2012-ELECTION-OBAMA

    Supporters of US President Barack Obama celebrate as CNN projects victory for Obama on election night November 6, 2012 in Chicago, Illinois. AFP PHOTO / Saul LOEB (Photo credit should read SAUL LOEB/AFP/Getty Images)

  • US-VOTE-2012-ELECTION-ROMNEY

    Supporters of US Presidential candidate Mitt Romney watch as Fox News projects US President Barack Obama is re-elected on election night November 6, 2012 in Boston Massachusetts. AFP PHOTO/ TIMOTHY A. CLARY (Photo credit should read TIMOTHY A. CLARY/AFP/Getty Images)

  • US-VOTE-2012-ELECTION-OBAMA

    US President Barack Obama supporters celebrate as CNN projected The President re-elected on election night November 6, 2012 in Chicago, Illinois. AFP PHOTO / Robyn Beck (Photo credit should read ROBYN BECK/AFP/Getty Images)

Derek Holt, vice president of Scotia Economics, said the Obama win would likely allow Canada to avoid potential pitfalls that may have come with a Romney win.

An Obama victory averts the risk that Romney might have started a trade war with China, a bond sell-off on a more hawkish Fed, a ratings downgrade on numbers that don’t add up or tax cuts he doesn’t deliver, potential heightened conflict in the middle east, $200 oil, and perhaps even worse political gridlock should his first acts have been to repeal Obamacare and elements of [the] Dodd-Frank [financial reform bill],” he wrote, as cited at the Toronto Star.

And although it was Mitt Romney who made approving the Keystone XL pipeline a part of his platform, the CIBC economists said they fully expected the Obama administration to approve the project, despite last year’s delay on the decision to past the election.

That view fits with the view of many Washington insiders who say Obama is likely to approve the project following a State Department study that found “no significant impact” from the project on the environment.

The CIBC analysts noted Obama faces significant fiscal challenges in the coming months, including the federal government reaching its $16.4-trillion debt ceiling, potentially sparking another showdown with the Republican-controlled House of Representatives.

STORY CONTINUES BELOW SLIDESHOW

Loading Slideshow...

BMO Asset Management investment officer Paul Taylor predicted the U.S. and Canadian economies will go through “a period of unease” as the White House shifts from political campaigning to dealing with the debt ceiling and the looming fiscal cliff.

The fiscal cliff — the product of a bipartisan agreement on debt limits that was reached last year — would see deep cuts made to U.S. defense and medicare spending at the end of this year if no new agreement is reached.

If “the cocktail of spending cuts and tax increases” needed to overcome the cliff is handled well, the U.S. recovery will continue and Canada will benefit, Taylor said, as quoted at The Globe and Mail.

But “if there are policy mis-steps, then that could be very challenging for the Canadian economic recovery, which is similarly tenuous [as the U.S. one],” Taylor said.

TD economists Derek Burleton and Diana Petramala said tax hikes in the U.S. would be worse for Canada than spending cuts.

"This is because Canadian trade with the U.S. is largely concentrated in consumer goods and business investment — items which will likely be hit harder by an increase in taxes," they wrote in a client note.

Burleton and Petramala estimate that, should the unthinkable happen and the U.S. were to fall of the fiscal cliff, it would shave three percentage points of the U.S.'s GDP, sending it spiraling back into recession, and would reduce Canadian economic growth by 1.2 to 1.8 per cent, "narrowly avoiding a recession."

MORE COVERAGE

Loading Slideshow...
  • France

    The French are Obama's strongest international backers. <a href="http://globescan.com/commentary-and-analysis/press-releases/press-releases-2012/245-global-poll-obama-overwhelmingly-preferred-to-romney.html">Seventy-two percent</a> prefer Barack Obama to Mitt Romney. <em>Caption: The temporary results of a U.S. presidential election straw vote is displayed on a board at Harry's Bar in Paris, Wednesday October 31 2012. (AP Photo/Francois Mori)</em>

  • Australia

    Australians overwhelmingly support Obama. <a href="http://globescan.com/commentary-and-analysis/press-releases/press-releases-2012/245-global-poll-obama-overwhelmingly-preferred-to-romney.html">Sixty-seven percent</a> would vote for the current president. <em>Caption: President Barack Obama and Australian Prime Minister Julia Gillard arrive to speak with Australian troops during a visit to Royal Australian Air Force Base in Darwin, Australia. (AP Photo/Susan Walsh, File)</em>

  • Canada

    According to GlobalScan, <a href="http://globescan.com/commentary-and-analysis/press-releases/press-releases-2012/245-global-poll-obama-overwhelmingly-preferred-to-romney.html">66 percent</a> of Canadians support President Obama. A recent Angus Reid survey indicated that <a href="http://www.huffingtonpost.ca/2012/10/31/obama-romney-canada-poll_n_2049167.html" target="_hplink">72 percent</a> of Canadians favor the president. <em>Caption: U.S. President Barack Obama greets Canadian Prime Minister Stephen Harper upon his arrival at the Camp David presidential retreat in Maryland on May 18 2012 G8 summit. (BRENDAN SMIALOWSKI/AFP/GettyImages)</em>

  • Kenya

    <a href="http://globescan.com/commentary-and-analysis/press-releases/press-releases-2012/245-global-poll-obama-overwhelmingly-preferred-to-romney.html">Sixty-six percent</a> of Kenyans champion President Obama, a 21 point drop in ratings since 2008. <em>Caption: Wangari Maathai, Noble Peace Laureate and conservation heroine, is seen with President Barrack Obama in Nairobi, Kenya on Monday September 26 2011. (AP Photo/Sayyid Abdul Azim, File)</em>

  • Nigeria

    <a href="http://globescan.com/commentary-and-analysis/press-releases/press-releases-2012/245-global-poll-obama-overwhelmingly-preferred-to-romney.html">Sixty-six percent</a>of Nigerians endorse Obama. <em>Caption: A Nigerian security man sits under a campaign poster of Nigeria President Goodluck Jonathan, with President Barrack Obama, in Abuja, Nigeria on Wednesday January 12 2011. (AP Photo/Sunday Alamba)</em>

  • Brazil

    <a href="http://globescan.com/commentary-and-analysis/press-releases/press-releases-2012/245-global-poll-obama-overwhelmingly-preferred-to-romney.html">Sixty-five percent </a>of Brazilians back Barack Obama. <em>Caption: President Barack Obama meets with Brazil's President Dilma Rousseff on Monday April 9 2012, in the Oval Office of the White House in Washington. (AP Photo/Carolyn Kaster)</em>

  • Panama

    <a href="http://globescan.com/commentary-and-analysis/press-releases/press-releases-2012/245-global-poll-obama-overwhelmingly-preferred-to-romney.html">Sixty-five percent</a> of Panamanians are in favor of Obama. <em>Caption: President Obama shakes hands with Panamanian President Ricardo Martinelli, in the Oval Office at the White House on April 28 2011 in Washington DC. (Brendan Hoffman-Pool/Getty Images)</em>

  • United Kingdom

    <a href="http://globescan.com/commentary-and-analysis/press-releases/press-releases-2012/245-global-poll-obama-overwhelmingly-preferred-to-romney.html">Sixty-five percent</a> of Britons root for Barack Obama, according to a GlobeScan survey. Angus Reid found that <a href="http://www.angus-reid.com/wp-content/uploads/2012/10/2012.10.30_US2012.pdf">62 percent</a> in Britain say they would vote for Obama if they could take part in this year's United States presidential election. <em>Caption: President Barack Obama and Britain's Prince Philip walk to view the Guard of Honor of the Scots Guard during an official arrival ceremony at Buckingham Palace in London, on May 24 2011. (AP Photo / Carolyn Kaster, file)</em>

  • Germany

    <a href="http://globescan.com/commentary-and-analysis/press-releases/press-releases-2012/245-global-poll-obama-overwhelmingly-preferred-to-romney.html">Sixty-four percent</a> of Germans are fans of Barack Obama. <em>Caption: U.S. President Barack Obama greets German Chancellor Angela Merkel upon her arrival at the Camp David presidential retreat in Maryland on May 18 2012 the G8 summit. (BRENDAN SMIALOWSKI/AFP/GettyImages)</em>

  • South Korea

    <a href="http://globescan.com/commentary-and-analysis/press-releases/press-releases-2012/245-global-poll-obama-overwhelmingly-preferred-to-romney.html">Fifty-eight percent</a> of South Koreans are pro-Obama. <em>Caption: U.S. President Barack Obama, and South Korean President Lee Myung-bak look down as they look for their toe-markers before a group photo session at the Nuclear Security Summit at the Coex Center, in Seoul, South Korea on Tuesday March 27 2012. (AP Photo/Pablo Martinez Monsivais)</em>

  • Indonesia

    <a href="http://globescan.com/commentary-and-analysis/press-releases/press-releases-2012/245-global-poll-obama-overwhelmingly-preferred-to-romney.html">Fifty-nine percent</a> of Indonesians declare themselves in favor of Obama. <em>Caption: Wearing traditional woven ikat shirt, U.S. President Barack Obama is greeted by his Indonesian counterpart Susilo Bambang Yudhoyono and his wife Kristiani, upon arrival for a gala dinner at ASEAN Summit in Nusa Dua, Bali, Indonesia on Friday November 18 2011. (AP Photo/Dita Alangkara)</em>