Canadian Banks Win Big in FX In 1992 Most Report Record Trading Revenues
BANKS
The largest banks in Canada were blessed with some of the best foreign exchange trading gains on record in this fiscal year, which ended October 31. Bolstered by a tremendous fourth quarter, Royal Bank of Canada, Canadian Imperial Bank of Commerce (CIBC), Bank of Montreal and Bank of Nova Scotia all reported their most impressive FX trading gains ever, both for the quarter and the year.
"Certainly the volatility in the last quarter of the year contributed to a very strong year," says Ian MacKay
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