Canadian Banks Report Healthy Second Quarter Forex Results
BANKS
TORONTO--The first wave of Canadian banks are reporting solid second quarter FX trading revenues for the period ended April 30. A weak Canadian dollar coupled with continuing, albeit reduced, volatility in Asia made for a mixed blessing, according to market participants.
The Canadian dollar peaked in the middle of the period, at CAD1.4037 on March 13, but fell to CAD1.4305 by the end of April. "The Canadian dollar was weakening against the dollar for much of the period, so that raised business
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