Estimated credit loss rates in the risk scenario are higher than observed during previous major downturns https://www.bankofcanada.ca/?p=226773 Risk scenario 2008‒09 recession 2000‒01 downturn 1990‒91 recession* 4.41.92.53.5 0.70.10.10.2 34.813.912.0 9.23.63.93.3 6.32.94.75.6 8.21.30.3