The Daily | August 27, 2025
BMO’s transportation unit is a bellwether for credit and lending conditions in trucking. The bank’s loan book dipped to $13.67 billion in Q3, the lowest since early 2023, and while write-offs are down, provisions for potential credit losses and gross impaired loans remain significantly higher than pre-downturn levels. Canada Post has significant labor issues, which led to its largest-ever pre-tax loss of US$294 million in Q2 2024 due to a 36.7% plummet in parcel revenue. This decline was largely driven by uncertainty from a prolonged labor dispute, pushing shippers to private carriers and…
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