Royal Bank Of Canada Consolidates Lead In Canadian Forex Market

BANKS

TORONTO--Royal Bank of Canada (RBC) has consolidated its position as the top Canadian forex provider, according to Q3 results published last month.

RBC reports foreign exchange trading revenues of CAD75 million ($50 million) for the three months ended July 31, showing a slight rise on 1998's Q3 result of CAD74 million ($49 million).

However, RBC's result was 10 per cent down on the figure reported at the end of Q2 1999 of CAD83 million ($57 million).

David Gibbins, global head of FX at RBC in

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