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German Chancellor Angela Merkel talks to cabinet members as she arrives for the weekly cabinet meeting at the chancellery in Berlin, Germany, Wednesday, May 27, 2015. (AP Photo/Markus Schreiber)

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German Chancellor Angela Merkel talks to cabinet members as she arrives for the weekly cabinet meeting at the chancellery in Berlin, Germany, Wednesday, May 27, 2015. (AP Photo/Markus Schreiber)

BMO says second-quarter profits drop seven per cent, raises dividend

TORONTO - Bank of Montreal (TSX:BMO) says profits dropped seven per cent in its second quarter, as it logged a $106-million charge for restructuring some of its operations.

The bank says earnings were $999 million, or $1.49 per share, for the period, down from $1.08 billion or $1.60 per share a ...

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