April 9, 2012 - William Robson, President and Chief Executive Officer of the C.D. Howe Institute, today announced the appointment of a new member to the Institute's prestigious Monetary Policy Council (MPC). He is Stéfane Marion, Chief Economist and Strategist at National Bank and Managing Director at National Bank Financial.
"Stéfane Marion is one of Canada's leading macroeconomic and financial markets analysts and forecasters," said Mr. Robson, who is the MPC's non-voting chair. "The Monetary Policy Council will benefit greatly from his insights." Mr. Marion is replacing Sheryl King, former Head of Canadian Economics and Strategy at Bank of America Merrill Lynch Global Research.
Mr. Marion is a noted speaker and advisor, and is ranked among the leading business economists in Canada by Brendan Wood International. In 2011, Mr. Marion's forecasts earned him a spot in two separate rankings published in the prestigious Bloomberg Markets magazine.
Prior to joining National Bank Financial's research team, Mr. Marion worked for several years for the federal departments of Finance and Industry in Ottawa, where, in addition to economic analysis and forecasting, he also worked on microeconomic policy impact studies.
Mr. Marion holds a Bachelor's degree and a Master's degree in Economics from the Université de Montréal.
The MPC comprises 12 of Canada's most distinguished financial-market and monetary economists. By convening to discuss the Bank of Canada's target for the overnight rate - the benchmark interest rate it uses to influence monetary conditions in Canada - shortly before each of the Bank's interest-rate announcements, the Council provides a regular, independent assessment of the Bank's stance as it seeks to achieve its 2 percent inflation target.
For more information please contact: James Fleming at 416-865-1904; e-mail: cdhowe@cdhowe.org