Turning Points: Business Cycles in Canada Since 1926

Philip Cross and Philippe Bergevin
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Philip Cross: Business Cycle Council, C.D. Howe Institute
Philippe Bergevin: C.D. Howe Institute

C.D. Howe Institute Commentary, 2012, issue 366

Abstract: Market-based economies tend to exhibit cyclical behaviour. The recent financial crisis, with devastating impacts that are still being felt today, has added urgency to the drive to improve our understanding of business cycles. Pinpointing key turning points in the economy, meaning when recession takes hold or growth resumes, is vital for policymakers, businesses and consumers alike. In this paper, the authors clarify how best to define a recession and measure its severity. And, to create a foundation for further research in this area, we provide an authoritative set of business cycle dates for Canada, going back to 1926. These dates were reviewed and approved by the C.D. Howe Institute Business Cycle Council.

Keywords: Economic Growth and Innovation; Canada; business cycles; recession; financial crisis (search for similar items in EconPapers)
JEL-codes: E32 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:cdh:commen:366

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