CIBC named most accurate forecaster of Canadian and U.S. economies

CIBC named most accurate forecaster of Canadian and U.S. economies 
TORONTO, Dec. 12, 2012 /CNW/ - Bloomberg Markets has named CIBC's Chief 
Economist Avery Shenfeld as the top forecaster of the Canadian economy over 
the last two years. 
No other bank economist ranked among Bloomberg's Top 3 forecasters of the 
Canadian economy for the two-year period ended on Sept. 30. 
Meanwhile, MarketWatch has selected CIBC as the most accurate forecaster on 
U.S. economic indicators for the month of November. CIBC also won the 
monthly award in August. 
"These awards illustrate the strength and depth our economics team and why 
they are among the most sought-after experts by our clients," says Richard 
Nesbitt, Senior Executive Vice-President, CIBC. "We applaud Avery Shenfeld 
and CIBC Economists Emanuella Enenajor and Andrew Grantham who contribute to 
the Canadian and U.S. forecasts that are the subject of these awards. Also 
making key contributions to our team's top notch economics coverage are Deputy 
Chief Economist Benjamin Tal and Senior Economists Peter Buchanan and Warren 
Lovely." 
CIBC's wholesale banking business provides a range of integrated credit and 
capital markets products, investment banking, and merchant banking to clients 
in key financial markets in North America and around the world. We provide 
innovative capital solutions and advisory expertise across a wide range of 
industries as well as top-ranked research for our corporate, government and 
institutional clients. 
Tom Wallis, Communications and Public Affairs at 
416-980-4048,tom.wallis@cibc.ca 
SOURCE: CIBC World Markets 
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CO: Canadian Imperial Bank of Commerce
ST: Ontario
NI: FIN ENT ECO  
-0- Dec/12/2012 18:59 GMT
 
 
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