TORONTO, June 4, 2014 /CNW/ - Consensus Economics, the world's leading
economic survey organization, has selected CIBC's Chief Economist Avery
Shenfeld and team as the recipient of the 2013 Forecaster Accuracy
Award (FAA) for Canada.
The FAA program recognizes a select group of expert country economic
forecasters who have most accurately predicted the performance of GDP
growth and Consumer Price Inflation for their targeted economies over a
24-month forecasting cycle. CIBC was recognized for its high quality
research, commitment to regular forecasts and ability to identify most
accurately the trends and levels of key indicators for the past year.
"This award speaks to the strength of our economics team for their
accurate predictions and perceptive analysis regarding the factors
driving our economy," says Richard Nesbitt, Chief Operating Officer,
CIBC. "We are proud of the high quality and value-added research Avery
Shenfeld and our economics team provide to our clients."
The FAA comes after Bloomberg Markets named Shenfeld as the top
forecaster of the Canadian economy for the two-year period ended on
September 30, 2012.
CIBC is a leading Canadian-based global financial institution with
nearly 11 million personal banking and business clients and three
major business units - Retail and Business Banking, Wealth Management
and Wholesale Banking. CIBC's wholesale banking business provides
integrated credit and capital markets products, investment banking
advisory services and top-ranked research to corporate, government and
institutional clients around the world. Visit www.cibcwm.com for Wholesale Banking news releases and information. You can find other
news releases and information about CIBC in our Media Centre on our
corporate website at www.cibc.com.
For further information:
Allison Mudge, Communications and Public Affairs at 416-980-2178, firstname.lastname@example.org