BMO CM Downgrades Scotiabank

The Globe and Mail, 4 December 2006Ian de Verteuil, analyst at BMO Nesbitt Burns Inc., has downgraded shares of Bank of Nova Scotia to "underperform" from "market perform."Mr. de Verteuil points to Royal Bank of Canada as a good candidate for investors who want to switch from one bank stock to another (while suggesting they stay mindful of the tax implications of such a trade).The analyst notes