BMO Reports Record High in U.S. Transportation Impaired Loans
BMO's U.S. transportation loan portfolio reached a record high in impaired loans, signaling potential repayment issues in the industry. Gross impaired loans rose to C$425 million in Q1 2026, up from C$410 million a year ago. Despite this, the company noted some positive migration trends and reduced impaired formations.
Topics: BMO freight recession impaired loans loan risk transportation industry