RBC First Half Takings Remain Flat But Tor-Dom Forex Revenues Rise

NEWS

TORONTO--Royal Bank of Canada has recorded flat FX trading revenues for the first half of Canada’s fiscal 2000, but Toronto-Dominion is closing the gap, according to results released last week.

The Canadian fiscal year for 2000 runs from November 1, 1999 to October 31, 2000.

RBC reports forex trading revenues hitting CAD146 million (US$98 million) for the first half. Last year the bank recorded revenues of CAD290 million, making the result flat on an annualised basis between H1 1999 and H1 20