TORONTO, Feb. 21, 2013 /CNW/ - Scotiabank's Vice President of Economics and
Commodity Market Specialist, Patricia Mohr, has received the 2012 Metal
Bulletin Apex awards for the top gold and overall precious metals price
"It's truly an honour to be recognized by Metal Bulletin and to be among the
few overall winners for the Apex award," said Patricia Mohr. "This success is
a tribute to Scotiabank's leading position in financing the global mining
industry and in making a market in gold and precious metals."
Established by Metal Bulletin more than two years ago, the Apex program tracks
and recognizes the most accurate price forecasters in base and precious
metals. Ms. Mohr received top honours for her gold forecast, which she
estimated with 99.63% accuracy.
The Scotiabank Commodity Price Index - a U.S.-dollar based index of key
Canadian commodity prices in export markets - was first introduced by Ms. Mohr
in 1987. The Index is the first of its kind and is designed to track commodity
prices of interest to Canadians and Canada's resource producers.
"As commodities become recognized as an asset class, forecasting is required
to highlight how markets have developed, and to give shape to analysts' view
of how they will develop in the future. Apex is part of that development,"
said Spencer Wicks, Metal Bulletin's publisher.
Scotiabank provides clients with in-depth research into the factors shaping
the outlook for Canada and the global economy, including macroeconomic
developments, currency and capital market trends, commodity and industry
performance, as well as monetary, fiscal and public policy issues.
Scotiabank is one of North America's premier financial institutions and
Canada's most international bank. With more than 81,000 employees, Scotiabank
and its affiliates serve some 19 million customers in more than 55 countries
around the world. Scotiabank offers a broad range of products and services
including personal, commercial, corporate and investment banking. In December
2012, Scotiabank became the first Canadian bank to be named Global Bank of the
Year and Bank of the Year in the Americas by The Banker magazine, a Financial
Times publication. With assets of $668 billion (as at October 31, 2012),
Scotiabank trades on the Toronto (BNS) and New York Exchanges (BNS). For more
information please visit www.scotiabank.com.
Devinder Lamsar 416-933-1171 firstname.lastname@example.org
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