Canadian Banks Set To Benefit From Euro Launch In Q1 Results
BANKS
TORONTO--The Canadian banks are expected to show strong first quarter FX results on the back of the launch of the euro, say market officials. The fiscal quarter runs from November to January and encompasses both the run-up to the launch of the European currency and early trading.
Much of the profit taking is likely to have taken place at the start of this year, says Michael Wallace, manager of European currency analysis at Standard & Poor's MMS International in London. This is due to the surge of
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