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This is a space where seeing loan losses rise.
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Is BMO Going to be the FIRST Canadian Bank to go BUST?Bank of Montreal will no longer originate indirect auto loans, the bank announced Saturday. The. BMO plans to close its retail auto finance business in order to reroute resources, as borrowers dig deep amid interest rate hikes. Read on. Our toll free service line - is the first stop for BMO loan information. To use our automated service you will need your loan number or Social.