Historical Year Data · 1979

Canada Credit-to-GDP Gap in 1979

Canada Credit-to-GDP Gap opened 1979 at 7.6 and closed at 7.51, a -1.22% move for the year. The high of 8.15 was reached on September 30, and the low of 7.51 on December 31.

Open

7.6

1979-01

7.51

4 data points

High

8.15

Sep 30

Low

7.51

Dec 31

Full Year Change

-1.22%

1978 Change

+14.18%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	7.6	7.6	7.6	7.6	+0.00%
Jun	8.07	8.07	8.07	8.07	+0.00%
Sep	8.15	8.15	8.15	8.15	+0.00%
Dec	7.51	7.51	7.51	7.51	+0.00%

Events During 1979

1979 Volcker Shock

Stagflation

October 1979 – August 1982

Paul Volcker's Fed raised interest rates to 20% to break entrenched inflation. The policy triggered the deepest post-war recession but ended the stagflation era and established inflation-targeting credibility.

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Historical Year Data · 1979

Canada Credit-to-GDP Gap in 1979

Canada Credit-to-GDP Gap opened 1979 at 7.6 and closed at 7.51, a -1.22% move for the year. The high of 8.15 was reached on September 30, and the low of 7.51 on December 31.