Canadian equity markets correctly identified sectors most important to the 2008-09 global financial crisis https://www.banqueducanada.ca/?p=234115 Banks Consumer durables and apparel Capital goods Energy Materials Transportation Other Forecast one-year-ahead GDP growth Realized one-year-ahead GDP growth -0.140.320.08-0.150.05-0.470.510.20-1.22 -0.230.11-0.19-0.250.08-0.430.67-0.24-2.38 -0.220.18-0.13-0.190.18-0.320.45-0.04-2.61 -0.360.20-0.16-0.240.01-0.420.39-0.58-3.21 -0.300.02-0.21-0.22-0.08-0.380.11-1.07-3.84 -0.150.03-0.13-0.24-0.16-0.26-0.33-1.24-4.10 -0.27-0.15-0.28-0.34-0.23-0.40-0.09-1.76-4.40 -0.31-0.19-0.36-0.44-0.33-0.330.15-1.82-4.69 -0.39-0.28-0.41-0.43-0.47-0.390.17-2.20-4.39 -0.21-0.25-0.66-0.51-0.55-0.500.91-1.76-3.69 -0.59-0.43-1.02-0.58-0.86-0.591.77-2.30-3.55 -0.94-0.53-0.99-0.53-0.73-0.841.89-2.68-1.86 -0.99-0.49-0.92-0.49-0.52-0.831.87-2.36-0.32 -0.86-0.44-0.85-0.35-0.32-0.760.73-2.851.18 -1.04-0.63-0.98-0.36-0.29-0.870.99-3.181.89 -0.62-0.56-0.92-0.23-0.15-0.762.36-0.883.09 -0.30-0.32-0.79-0.18-0.21-0.561.69-0.663.32 -0.14-0.04-0.70-0.070.10-0.561.740.334.09 0.02-0.11-0.67-0.11-0.06-0.483.922.514.30