National Bank Financial Ranked First Among Canadian Financial Institutions for
its Canadian Dollar Exchange Rate Forecasts
MONTREAL, June 5, 2013 /CNW Telbec/ - According to data from Bloomberg,
National Bank Financial's Economics and Strategy Team ranked first among
Canadian financial institutions and third in the world for Canadian dollar
currency forecasts against the U.S. dollar in the year ended March 31, 2013.
The ranking is calculated using Bloomberg's Foreign Exchange Forecasts Center,
which analyzes the projections produced by the various firms. Bloomberg has
further perfected its methodology this year, making its unique analysis even
more precise. The new procedure evaluates not only the precision of the
forecasts, but also their timing and directional accuracy. Exchange rate
forecasts help investors, governments, institutions, businesses, consumers and
others in their decision-making.
In addition to this acknowledgement of its economic and financial expertise,
the Economics and Strategy Team was also recognized in the prestigious
Bloomberg Markets magazine for the accuracy of its forecasts between Q1 2011
and the end of Q2 2012.
AboutNational Bank Financial
With $80billion 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 350,000 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 $185 billion in assets as at April 30, 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. 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.
(The telephone number provided below is for the exclusive use of journalists
and other media representatives.):
Jean-François Lauzon Advisor - Public Affairs National Bank Tel.:
SOURCE: National Bank of Canada
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-0- Jun/05/2013 19:27 GMT
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