National Bank of Canada’s Economics and Strategy group receives Consensus Economics Award for Canada

MONTREAL, April 27, 2022 /CNW Telbec/ – National Bank of from Canada Economics and Strategy Group was named the most accurate forecaster in Canada for 2021 by Consensus Economics. This recognition is based on the annual calculation of the Forecast Accuracy Award (FAA) carried out by Consensus Economics for the G7 countries and Western Europe. The 2021 FAA award winners were recognized for their high-quality research, commitment to regular forecasting, and ability to most accurately identify key indicator trends and levels over the 24-month forecast cycle.

“This recognition from Consensus Economics is a testament to the team’s hard work and emphasis on rigor and critical thinking. We are committed to developing economic projections that are rooted in the reality of our clients’ business plans and that take into account as much as possible the economic, political and social changes taking place in the world”, declared Stéfane Marion, Chief Economist and Strategist at the National Bank of Canada.

Over the next few months, the Economics and Strategy Group expects the Bank of Canada to continue to normalize interest rates in response to the country’s tight labor market and the impact of the Chinese government’s zero COVID policy on supply chains, which will continue to put upward pressure on the ‘inflation. Although GDP growth is expected to slow in the coming quarters, Canada remains well positioned to face the uncertain geopolitical context thanks to its economic structure.

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About National Bank of Canada
With $367 billion in assets at January 31, 2022National Bank of Canadawith its subsidiaries, forms one of the from Canada large integrated financial groups. It has more than 27,000 employees in knowledge-intensive roles and has been repeatedly recognized as a top employer and for its commitment to diversity. Its securities are listed on the Toronto Stock Exchange (TSX: NA). Follow the Bank’s activities on or via social media such as Facebook, LinkedIn and Twitter.

SOURCE National Bank of Canada

For further information: Marie-Pierre Jodoin, Senior Director – Public Affairs and Corporate Social Responsibility, National Bank of Canada, [email protected]Such. : 514-394-4209

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