Although Canada's economy is closely linked to the United States' economy, Canadian and American recessions do not always coincide. A recession is generally defined as two successive quarters of negative economic growth.[1]
| Name | Start | End |
|---|---|---|
| The Great Depression | April 1929 | February 1933 |
| November 1937 | June 1938[3] | |
| August 1947 | March 1948 | |
| April 1951 | December 1951 | |
| July 1953 | July 1954 | |
| March 1957 | January 1958 | |
| March 1960 | March 1961 | |
| October 1974 | March 1975 | |
| June 1981 | October 1982 | |
| March 1990 | May 1992 | |
| Great Recession | October 2008 | May 2009 |
| COVID-19 recession | February 2020 | 2021 |
See also
editReferences
edit- ^ "Business Cycle Council Methodology". C.D. Howe Institute. 23 December 2017. Retrieved 19 December 2023.
- ^ "BUSINESS CYCLE COUNCIL". C.D. Howe Institute. 24 August 2021. Retrieved 19 December 2023.
- ^ Chambers, EJ (1955). "The 1937–8 Recession in Canada". Canadian Journal of Economics and Political Science. 21 (3): 293–308.
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