New headwinds, uncertainty surrounding acquisitions see two big banks downgraded

MONTREAL (CU)_The pandemic, together with the escalating conflict in Ukraine is having a significant impact on financial markets across the globe. Although the situation may improve sooner than anticipated, one bank analyst is of the view that things are more negative than positive in the near-term.

A team of analysts from the National Bank of Canada, led by Gabriel Dechaine, downgraded…