Business Cycle

The term “business cycle” refers to the pattern of alternation between expansions (upturns) and recessions (downturns). The term ‘cycle’ implies a regular pattern; the term ‘business cycle’ therefore connotes a regular pattern of expansions and recessions. This is misleading because, in reality, business cycles follow an irregular pattern and better resemble weather fluctuations. No two […]

Canada became a self-governing dominion in 1867 while retaining ties to the British crown. Economically and technologically, the nation has developed in parallel with the US, its neighbor to the south across the World’s longest unfortified border. Canada faces the political challenges of meeting public demands for quality improvements in health care, and education, social […]

The path of economic growth for any country depends on a number of factors including structural changes in the economy, natural calamities, political instabilities, global recessionary trends, self-feeding business cycles, etc., and the combined effect of all these factors is most commonly represented in the country’s Gross Domestic Product. In statistical terms, however, the annual […]