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Why BMO's Brian Belski says the market has more room to runBank of Montreal is reducing staff in its US investment banking unit again, including at least two managing directors, as the Canadian lender continues to trim. Bank of Montreal is cutting jobs in California's Bay Area next month, as the Canadian lender continues to shed positions following its February acquisition. BMO - BMO Harris - Bank of Montreal Layoffs: Downsizing related discussion, postings, questions and answers.