Canadian Banks Could Show Solid Q2 Trading Results, Analysts Predict
BANKS
The increased volatility in the Canadian dollar during the second quarter is expected to translate into positive forex earnings for Canadian banks, which begin releasing results this week for February 1 to April 30, market sources say. Earnings are generally predicted to be on par with the solid first quarter performance (FXW, March 10).
Increased year-on-year activity in both the spot and forwards markets is the prime reason for optimism among the Canadian banks. "Volatility is back," says Don
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