Historical Year Data · 2009

Canada Credit-to-GDP Gap in 2009

Canada Credit-to-GDP Gap opened 2009 at 7.7 and closed at 16.1, a +109.09% move for the year. The high of 16.1 was reached on December 31, and the low of 7.7 on March 31.

Open

7.7

2009-01

16.1

4 data points

High

16.1

Dec 31

Low

7.7

Mar 31

Full Year Change

+109.09%

2008 Change

+16.28%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	7.7	7.7	7.7	7.7	+0.00%
Jun	12.4	12.4	12.4	12.4	+0.00%
Sep	16	16	16	16	+0.00%
Dec	16.1	16.1	16.1	16.1	+0.00%

Events During 2009

2008 Financial Crisis

Deflation

September 2007 – March 2009

The 2008 Financial Crisis remains the deepest and most instructive market event of the 21st century. Subprime losses cascaded through leveraged balance sheets, froze interbank lending, and forced unprecedented central bank intervention.

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