National Bank Economists Recognized Once Again

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 
(, 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 and

SOURCE  National Bank of Canada 
(The telephone number provided below is for the exclusive use of  journalists 
and other media representatives): 
Jean-François Cadieux Chief Advisor - Public Affairs National Bank Tel.: 
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CO: National Bank of Canada
ST: Quebec
-0- May/27/2014 16:24 GMT
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