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 |
| Recession of 1937–1938 | November 1937 | June 1938 [3] |
| Recession of 1949 | August 1947 | March 1948 |
| Recession of 1951 | April 1951 | December 1951 |
| Recession of 1953 | July 1953 | July 1954 |
| Recession of 1958 | March 1957 | January 1958 |
| Recession of 1960–1961 | March 1960 | March 1961 |
| 1973–1975 recession | October 1974 | March 1975 |
| Early 1980s recession in the United States | June 1981 | October 1982 |
| Early 1990s recession | March 1990 | May 1992 |
| Great Recession | October 2008 | May 2009 |
| COVID-19 recession | February 2020 | 2021 |
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