Reported 1 day ago
BMO’s latest quarterly data suggests that deteriorating credit conditions in the trucking sector may have hit their lowest point. Key metrics from BMO, a significant lender to the trucking industry, indicate a decrease in gross impaired loans, down to CA$410 million in Q1 2025 from a peak of CA$464 million in Q4 2024. The transportation sector also saw a rise in gross loans and acceptances, signaling a potential recovery for trucking financing.
Source: YAHOO