BMO Raises Trading Losses to $680 Million

Scotia Capital, 18 May 2007BMO - Trading Losses Larger Than Previously Announced� BMO announced that trading losses are estimated to be $680 million pre-tax versus the previously announced range of $350 million to $450 million pre-tax. The loss of $680 million represents $327 million after-tax or $0.64 per share, larger than the previous range of $0.45 per share to $0.55 per share.� First quarter