Canadian banks post lukewarm Q2 forex results
RBC Capital Markets (RBC) trading revenues for foreign exchange and commodities increased to C$141 million from C$136 million in Q2, 2009, and $95 million in Q1, 2010.
Although the bank does not break down its foreign exchange revenues, an RBC spokesperson in Toronto said FX was a larger contributor in the quarter. "In the past quarter, there was FX volatility, which impacted our results, and the European debt crisis has also caused fluctuation in currencies."
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