Canadian Banks Anticipate Strong 1998 Results Despite Uncertainties

BANKS

TORONTO--Canadian banks begin releasing year-end results this week, and market participants anticipate a reasonably strong showing, despite some late Q4 jockeying.

"I think most of them have had a good year in general, although they've been less active in the last couple of months as they've tried to preserve the profits they made earlier on," says David Gilmore, senior analyst and partner at Essex, Connecticut-based FX Analytics. "There's been a lot of volatility and customers have been very