Table 11
Recent significant economic events
Archived Content
Information identified as archived is provided for reference, research or recordkeeping purposes. It is not subject to the Government of Canada Web Standards and has not been altered or updated since it was archived. Please "contact us" to request a format other than those available.
| Event | Date | Notes |
|---|---|---|
| Ice storm | First quarter 1998 | Freezing rain fell on parts of Eastern Canada. Hundreds of thousands of people lose electricity, some lasting longer than one month. |
| High-tech crash | Second quarter 2000 | After a strong build-up, the information technology sector crashes leading to massive lay-offs and declining stock prices. |
| September 11 terrorist attacks | Third quarter 2001 | September 11, 2001 terrorist attacks on New York City and Washington, D.C. lead to cancelled travel plans and absences from work. |
| SARS | Second quarter 2003 | SARS infection rates peak. China is the epicentre of the disease which is easily transmitted. The World Health Organization issues a travel warning to Toronto. |
| Mad cow disease scare | Second quarter 2003 | Cases of bovine spongiform encephalopathy (BSE) identified in cattle in Alberta lead to massive cull of cattle. Prices plummet. |
| Blackout | Third quarter 2003 | In August 2003, a U.S. electricity transmission line goes down leaving 50 million people without power, some for weeks. Activities in some Ontario industries are suspended. |
- Date modified: