The Globe and Mail reports in its Tuesday, March 28, edition that RBC Dominion Securities analyst Darko Mihelic lowered his forecast for Canadian banks on Monday, projecting weaker-than-anticipated net interest margins and loan growth amid turmoil in the sector. The Globe's David Leeder writes in the Eye On Equities column that accordingly, Mr. Mihelic trimmed his share target for Toronto-Dominion Bank by $3 to $110. He rates TD "outperform." Analysts on average target TD shares at $100.07. Mr. Mihelic says in a note: "The bank stock volatility has been dramatic in the wake of the SIVB/SBNY failures and the Credit Suisse/UBS merger. Like our colleagues in the U.S., we believe those U.S. bank failures were idiosyncratic and their business models that drove the failures are not representative of the banking industry. Similarly, the events surrounding Credit Suisse were quite specific to that institution, though the impact of the forced merger may have more unforeseen global impacts than SIVB or SBNY. Essentially these 'events' have caused disruption and issues for the financial system globally. It is still early days (very early), and there could be some aftershocks from these failures that may yet emerge."