TORONTO, Feb. 21, 2013 /CNW/ - Scotiabank's Vice President of Economics
and Commodity Market Specialist, Patricia Mohr, has received the 2012 Metal Bulletin Apex awards for the top gold and overall precious metals price
"It's truly an honour to be recognized by Metal Bulletin and to be among the few overall winners for the Apex award," said
Patricia Mohr. "This success is a tribute to Scotiabank's leading
position in financing the global mining industry and in making a market
in gold and precious metals."
Established by Metal Bulletin more than two years ago, the Apex program tracks and recognizes the most
accurate price forecasters in base and precious metals. Ms. Mohr
received top honours for her gold forecast, which she estimated with
The Scotiabank Commodity Price Index - a U.S.-dollar based index of key
Canadian commodity prices in export markets - was first introduced by
Ms. Mohr in 1987. The Index is the first of its kind and is designed to
track commodity prices of interest to Canadians and Canada's resource
"As commodities become recognized as an asset class, forecasting is
required to highlight how markets have developed, and to give shape to
analysts' view of how they will develop in the future. Apex is part of
that development," said Spencer Wicks, Metal Bulletin's publisher.
Scotiabank provides clients with in-depth research into the factors
shaping the outlook for Canada and the global economy, including
macroeconomic developments, currency and capital market trends,
commodity and industry performance, as well as monetary, fiscal and
public policy issues.
Scotiabank is one of North America's premier financial institutions and
Canada's most international bank. With more than 81,000 employees,
Scotiabank and its affiliates serve some 19 million customers in more
than 55 countries around the world. Scotiabank offers a broad range of
products and services including personal, commercial, corporate and
investment banking. In December 2012, Scotiabank became the first
Canadian bank to be named Global Bank of the Year and Bank of the Year
in the Americas by The Banker magazine, a Financial Times publication. With assets of $668 billion (as at October 31, 2012),
Scotiabank trades on the Toronto (BNS) and New York Exchanges (BNS).
For more information please visit www.scotiabank.com.
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