Canadian Banks Report Healthy Q1 Forex Results
RESULTS
TORONTO--Royal Bank of Canada and TD Securities have increased their forex revenues for Q1, 2000, over the same quarter last year.
RBC's FX revenues for Q1 rose 9 per cent to CAD139 million ($96 million), compared with CAD127 million ($84 million) for Q1, 1999.
TD Securities, the investment banking arm of Toronto Dominion Bank reports a rise in Q1 FX revenues of 11 per cent.
TD reports FX trading revenues of CAD52 million ($36 million) for Q1 compared to CAD47 million ($31 million) for Q1, 1999.
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