MONTREAL, Aug. 30, 2013 /CNW Telbec/ - The Chief Economist and
Strategist of National Bank, Stéfane Marion, has once again been ranked
among the top forecasters in the world by Bloomberg Markets magazine.
This time, Mr. Marion was recognized for his forecasts on the state of
the U.S. economy for the two year-period ended in June 2013.
Mr. Marion is the only economist from a Canadian bank that is part of
this global top 20 list published in the September 2013 issue of
Bloomberg Markets magazine. His 14th place also places him ahead of
colleagues who work for renowned international institutions.
"This honour is, first and foremost, the result of teamwork," said
Stéfane Marion. "We pay close attention to the U.S. economy, because
changes there have a decisive impact on Canada. In fact, we are
expecting the second half of 2013 in the United States to be even
better than the first, which should make a difference for Canadian
exports."
To determine the ranking, Bloomberg Markets magazine compiled forecasts
over a two year-period from 65 economists for various economic
indicators, including the Gross Domestic Product, unemployment figures,
the Consumer Price Index, residential home sales, industrial production
and personal spending.
Mr. Marion had already been recognized in 2011 for his economic
forecasts. At the time, Bloomberg Markets magazine ranked the Chief
Economist and Strategist of National Bank first among forecasters for
Canada. That same year, he ranked second on Bloomberg's list of Top
Forecasters of the Canadian Economy.
Bloomberg Markets magazine also ranked the Economy & Strategy Team at
National Bank Financial, led by Stéfane Marion, as first among Canadian
banks—and third worldwide—for its 2012-2013 forecasts on the Canadian
dollar against the U.S. greenback. The team was also ranked first for
the same forecasts in 2011-2012. In addition to Mr. Marion, the group
is made up of economists Matthieu Arseneau, Marc Pinsonneault,
Paul-André Pinsonnault and Krishen Rangasamy.
About National Bank Financial
With $80 billion in assets under administration, National Bank Financial
is a fully-integrated investment dealer combining retail advisory and
brokerage services with institutional brokerage, investment banking,
corporate finance, and securities clearing for third parties. National
Bank Financial offers its services to more than 400,000 clients. Its
Financial Markets division has a major presence in Toronto, Calgary,
Vancouver and Montreal, as well as operations in the United States and
Europe.
About National Bank of Canada
With $187 billion in assets as at July 31, 2013, National Bank of Canada
(www.nbc.ca) together with its subsidiaries, forms one of Canada's leading
integrated financial groups, and has been named among the 20 strongest
banks in the world by Bloomberg Markets magazine. The Bank has close to
20,000 employees and is widely recognized as a top employer. Its
securities are listed on the Toronto Stock Exchange (TSX: NA). Follow
the Bank's activities via social media and learn more about its
extensive community involvement at clearfacts.ca and commitment.nationalbank.ca.
SOURCE: National Bank of Canada
