Canadian Banks Report Results Forex Gains Slip At RBC And TD
BANKS
Canadian banks reported first quarter earnings last week, with overall results damaged by loan losses across-the-board. Foreign exchange trading revenues weren't anything to write home about either. Most banks, including Royal Bank of Canada and Toronto Dominion, reported that trading gains were down from those reported a year ago when the Gulf war helped bolster volatility.
The Royal Bank of Canada, which typically posts the most impressive foreign exchange trading results among the Canadian
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