Business cycles are the fluctuations that occur in the economy due to various economic activities. There are various phases of the business cycle which moves from the lowest to the peak and vice versa. A business cycle describes the various conditions which reflect in the economy. Government has a substantial role to play in the market indicators affecting the economy. Study of business cycles makes it necessary to understand when the recession strikes in and when the road to recovery begins.
In Canada, the major industries are construction contracts and exports. Both have a substantial effect on the Canadian economy. Both ...