Press release from CNW Group
National Bank Financial Ranked First Among Canadian Financial Institutions for its Canadian Dollar Exchange Rate Forecasts
Wednesday, June 05, 2013
National Bank Financial Ranked First Among Canadian Financial Institutions for its Canadian Dollar Exchange Rate Forecasts15:27 EDT Wednesday, June 05, 2013
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.
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 $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.
SOURCE: National Bank of Canada
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