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The lobby of National Bank of Canada on King Street in Toronto.
The lobby of National Bank of Canada on King Street in Toronto.
(FERNANDO MORALES/THE GLOBE AND MAIL)

Bank trading revenues expected to show another big gain in quarter

Let the good times roll for another quarter for the big six Canadian banks.

That’s the preliminary stance from National Bank Financial’s latest projections for third-quarter trading revenues. NBF expects Canada’s largest lenders, known as the Big Six, to report third-quarter trading revenues in the neighbourhood of $2.5-billion, a 7-per-cent quarterly rise, which would also be the 11th successive quarter of revenues between $2-billion and $2.5-billion. This all comes at a time when large trading desks across the globe have seen declines in trading profits, as low interest rates and dwindling volatility have squeezed returns.