Canadian Banks Report Mixed FX Results For Latest Fiscal Year Period

BANKS

Canadian banks report mixed foreign exchange revenues for both the fourth quarter and the fiscal year ended October 31, despite a general consensus that volatility in the Canadian currency picked up in the latter half of the year. Royal Bank of Canada (RBC) tops the list once again, with revenues almost double those of its closest competitor.

Most Canadian banks report FX trading revenues along with associated income from the retail branch networks, so this later combined figure will be repo