Canadian Banks Show Strong Q2; RBC Remains At Helm Of Top Six

BANKS

Canadian banks report generally higher year-on-year foreign exchange trading revenues for the second quarter period ended April 30. Royal Bank of Canada (RBC) once again comes out at the top of the list in terms of total forex revenues generated; however, in terms of pure FX trading revenues, Bank of Montreal (BMo) tops the list for the period.

The Canadian banks report combined revenue figures for FX trading and retail branch income, which differs from many American banks, so the breakdown w