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Canada’s BMO reports trucking industry loan impairments and write-offs in second quarter

06/02/2020 3:53 PM | Anonymous member (Administrator)

Long considered a major barometer for the health of the trucking industry, Canada’s Bank of Montreal (BMO) reported a rise in impaired loans in the transportation sector for the second quarter of 2020. About 90% of BMO’s business is done with U.S. companies.

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