Historical Year Data · 2006

Canada Credit-to-GDP Gap in 2006

Canada Credit-to-GDP Gap opened 2006 at -8.1 and closed at -4, a +50.62% move for the year. The high of -4 was reached on December 31, and the low of -8.2 on June 30.

Open

-8.1

2006-01

-4

4 data points

High

-4

Dec 31

Low

-8.2

Jun 30

Full Year Change

+50.62%

2005 Change

-23.53%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	-8.1	-8.1	-8.1	-8.1	+0.00%
Jun	-8.2	-8.2	-8.2	-8.2	+0.00%
Sep	-6.1	-6.1	-6.1	-6.1	+0.00%
Dec	-4	-4	-4	-4	+0.00%

Events During 2006

2006 US Housing Market Peak

Goldilocks

June 2006 – February 2007

US home prices peaked in summer 2006 after a 106% rally from 2000. Subprime mortgage underwriting collapsed in late 2006, setting up the 2008 crisis. The peak is the canonical example of a market top visible only in retrospect.

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