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A Scotiabank branch on Bay Street South of Queen Street in Toronto in this file photo. The bank reported its latest earnings Tuesday.
A Scotiabank branch on Bay Street South of Queen Street in Toronto in this file photo. The bank reported its latest earnings Tuesday.
(Ryan Carter/The Globe and Mail)

Wednesday’s analyst upgrades and downgrades

Inside the Market’s roundup of some of today’s key analyst actions. This file will be updated during the trading day.

The next few years will be tough enough for Rogers Sugar Inc. to warrant a downgrade from TD Securities Inc. analyst Michael Van Aelst.

The sugar maker will experience a host of margin pressures over the next 24 months, including rising domestic competition, lower sales volumes and the threat of new importers setting up in Canada, say Mr. Van Aelst.