Canadian First-Half FX Profits Boosted By Active C$ Trading
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TORONTO--Most Canadian banks are reporting healthy revenues in FX for the first half of 1999, as banks reaped the rewards of an active domestic currency market. The results have surprised some market observers, who were expecting the lacklustre level of volatility in most international currencies to outweigh Canadian dollar activity.
However, sustained volatility in the domestic currency has tipped the balance, officials say.
The currency strengthened from a low of CAD1.52 against the US dollar on
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