Canadian Banks Report Healthy Q1 FX Takings
NEWS
TORONTO--Royal Bank of Canada leads the field as the Canadian banks report forex results for Q1 2000, with Toronto Dominion and Bank of Montreal also showing increases in their first quarter FX trading profits.
The results are the first full indication of FX trading over the turn of the millennium and show that the big Canadian banks turned profit increases despite Y2K impact and lower trading volumes.
The Canadian fiscal year starts on November 1, so Q1 covered the run-up to Y2K and the first
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