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Are We at the End of the Economic Cycle?
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IBAA Convention 2019 Education Session: Are We at the End of the Economic Cycle, Stefane Marion, Chief Economist and Strategist, National Bank of Canada

Monday, May 6, 10:30–11:30 a.m.

Stefan MarionWith well over ten years since the last recession, this business cycle has become the longest on record. Has the time come to brace for a recession and adjust business plans accordingly? While current cyclical/structural forces point to slower growth, the economic expansion still has legs. What will be the driving forces of the Canadian economy going forward?


Stéfane Marion, Chief Economist and Strategist, National Bank of Canada and National Bank Financial

Mr. Marion is a sought-after speaker on economic trends and their financial implications and is ranked among the leading economists in Canada according to Brendan Wood International. He has held the position of Chief Economist and Strategist for National Bank of Canada and National Bank Financial since November 2008.


National Bank Financial's Economics and Strategy team is regularly ranked among the top Canadian forecasters and has won recognition for the accuracy of its projections.


In 2012, the C.D. Howe Institute appointed Mr. Marion to its Monetary Policy Council and to the newly established Business Cycle Council. He also sits on the National Bank Pension Committee. Mr. Marion joined NBF’s Economics Group in 1999. Previously, he worked for several years in 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. In particular, he participated in the development of forecasting models and the analysis of the FTA and NAFTA free-trade agreements with the United States and Mexico.

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