Canadian Reporting Season Shows RBC Still Ahead, Others Close Gap

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TORONTO --Royal Bank of Canada (RBC) is again the top Canadian forex bank, according to the latest year end results. The Canadian fiscal year starts November 1.

RBC reports foreign exchange trading revenues of CAD290 million ($197 million) for the year ended October 31, 1999, showing a rise of 9 per cent on 1998’s FX trading revenue of CAD 267 million ($173 million).

The fourth quarter result of CAD55 million ($37 million), however, was down 27 per cent on the figure reported at the end of Q3