MONTREAL, QUEBEC--(Marketwire - July 18, 2012) - National Bank Financial's Economics and Strategy group (TSX:NA) has once again earned distinction, this time making the list of the world's best foreign exchange forecasters, according to the prestigious Bloomberg Markets magazine.
The Economics and Strategy group took top spot for U.S. dollar to Canadian dollar currency exchange rate forecasting, placed second for U.S. dollar to Australian dollar currency pairing, and tied for 5th place for euro to U.S. dollar exchange rate forecasting. National Bank Financial was the only Canadian financial institution to be included among the top five in the world for Canadian exchange rates. Exchange rate forecasts help investors, governments, institutions, businesses, consumers and others in their decision-making.
Bloomberg Markets' ranking identifies the best foreign exchange forecasts in the world for each major currency pair, from the first quarter of 2011 through to the end of the second quarter of 2012. The ranking is based on the average margin of error, which is calculated using Bloomberg's Foreign Exchange Forecasts function along with Bloomberg indexes that track historical forecasts of by the firms.
This recognition of the Economics and Strategy group's financial and economic expertise comes on the heels of Stéfane Marion, National Bank Chief Economist and Strategist and Managing Director at National Bank Financial, being named the top Canadian forecaster in the January 2012 edition of Bloomberg Markets which ranked the accuracy of economic forecasts in 13 categories.
About National Bank Financial
With $80 billion 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 $176 billion in assets as at April 30, 2012, National Bank of Canada (www.nbc.ca), together with its subsidiaries, forms one of Canada's leading integrated financial groups, and was named among the five 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 www.clearfacts.ca and www.commitment.nationalbank.ca.
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