BMO's Q1 Transportation Credit Data
Credit conditions in the trucking industry may have reached their lowest point, according to recent data from BMO, a major lender to the sector.
Credit conditions in the trucking industry may have reached their lowest point, according to recent data from BMO, a major lender to the sector. The bank reported a decrease in gross impaired loans and acceptances, dropping to CA$410 million ($288.5 million) in Q1 2025, down from a peak of CA$464 million in Q4 2024.
Allowances for the transportation group also improved, with a decline from CA$68 million in Q4 2024 to CA$61 million in Q1 2025. While the sector continues to face challenges, BMO has not pulled back and remains committed to the trucking industry.
