Canadian Banks Report Strong Q1 Due To Improved Customer Business
BANKS
Canadian banks are reporting mostly higher results from foreign exchange trading for the first quarter. Royal Bank of Canada (RBC) remains firmly ahead of its Canadian peers, with C$55 million reported from foreign exchange trading revenues during the period, which ended on January 31.
RBC reports a 22 per cent increase in first quarter earnings, compared to the C$45 million reported for FX trading in the first quarter of 1995. RBC's revenues are slightly below those in the fourth quarter
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