Canadian Banks Finish First Half With Solid Foreign Exchange Gains
BANKS
Canadian banks are showing second quarter FX revenues, for the period ended April 30, that are consistent with first quarter gains, and most are reporting a stronger first half 1996 (which began on November 1) than the same period a year ago.
The Royal Bank of Canada was the top performer among its Canadian peers, posting C$89 million in second quarter forex revenues, a 4 per cent jump over last year's C$86 million. The second quarter was off slightly from the first quarter, when the bank earned
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