Canadian Banks Report Solid Q1 Growth For Foreign Exchange Trading Revenues

BANKS

Canadian banks continue reporting solid first quarter forex trading revenues (FXW, March 3). Royal Bank of Canada (RBC) topped the Canadian banks reporting forex results; however, it was the only Canadian bank to show a decline during the period, albeit slight (see table, below).

RBC reports foreign exchange revenues (trading and other--which includes income from retail operations) of C$89 million, off 2 per cent from the C$91 million reported for the first quarter of 1996. For pure FX tradin

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: