Historical Year Data · 2016
Canada Credit-to-GDP Gap in 2016
Canada Credit-to-GDP Gap opened 2016 at 13.2 and closed at 13.5, a +2.27% move for the year. The high of 15.7 was reached on September 30, and the low of 13.2 on March 31.
Open
13.2
2016-01
Close
13.5
4 data points
High
15.7
Sep 30
Low
13.2
Mar 31
Full Year Change
+2.27%
2015 Change
+39.64%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Mar | 13.2 | 13.2 | 13.2 | 13.2 | +0.00% |
| Jun | 15.2 | 15.2 | 15.2 | 15.2 | +0.00% |
| Sep | 15.7 | 15.7 | 15.7 | 15.7 | +0.00% |
| Dec | 13.5 | 13.5 | 13.5 | 13.5 | +0.00% |
Events During 2016
2016 Brexit Vote
Goldilocks
June 23–24, 2016
The UK voted to leave the European Union on June 23, 2016. The pound fell 10% overnight, its largest single-day drop since floating in 1971.
2014-2016 Oil Price Collapse
Deflation
June 2014 – February 2016
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
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