MONTREAL, May 27, 2014 /CNW Telbec/ - The Chief Economist and Strategist
of National Bank, Stéfane Marion, is once again ranked among the top 20
forecasters in the world by Bloomberg. This time, Mr. Marion is sharing
the honours with his colleague, Krishen Rangasamy, for the accuracy of
their U.S. economic forecasts.
Messrs Marion and Rangasamy were ranked first among forecasters from
Canadian financial institutions on this list, which includes
institutions from all over the world. They also received the top rank overall in the U.S. Gross Domestic
Product forecast category.
"This honour is, first and foremost, the result of teamwork," said
Stéfane Marion. "The U.S. economy is keeping us on our toes because of
its impact on Canada. After a difficult winter, we are forecasting
substantial growth in the U.S. over the next few months, and the
Canadian economy will benefit."
To determine the ranking, Bloomberg compiled forecasts from 68
economists over a two year-period (that ended in February 2014) for
various economic indicators, including the Gross Domestic Product,
unemployment figures, the Consumer Price Index, residential home sales,
industrial production and personal spending.
Last year, Stéfane Marion also ranked among the top 20 best in his
profession for his forecasts on the state of the U.S. economy. In 2011,
Bloomberg ranked him first in Canada, and second worldwide among the
top forecasters of the Canadian economy.
Bloomberg 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 as one of the top
currency forecasters 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 of Canada
With $195 billion in assets as at January 31, 2014, 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
