WORST MAY BE OVER: BMO's Numbers Suggest Trucking Credit Issues May Be Improving
BMO's quarterly earnings data suggests that credit problems in trucking may have hit their low point. The Canadian bank's transportation book of business showed improved numbers for some key metrics, including a 90% decrease in gross impaired loans and acceptances. BMO's allowances for loan losses also decreased, indicating a reduction in potential losses from bad debt.
- This improvement could be seen as a beacon of hope for the trucking industry, which has been struggling with high rates of default and credit issues.
- Will this trend continue, or will the industry face new challenges that could send credit conditions back into decline?