Business Cycle Recovery Definition

The Canadian economy developed in size and scope as a result of this desegregation, and the first appearance of the business cycle was concomitant with the first major signs of industrial diversification. Except for a negative dip in the second quarter of 1995, the growth has been steady at 0.5% to 1% per quarter up to 1999. The recovery has been driven chiefly by enhanced exports and by moderate gains in retail spending.

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