In Canada, from 2001 to 2007, the business cycle was in a period of

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During an expansion, the economy experiences increased economic activity and growth, which includes rising GDP, employment rates, and consumer spending. From 2001 to 2007, Canada experienced a period of economic expansion, fueled by strong global demand for commodities, low interest rates, and a relatively stable political climate. This period was interrupted by a brief recession in 2001-2002 due to the dot-com bubble burst and the September 11 attacks, but the Canadian economy quickly recovered and resumed its expansionary trend until the onset of the global financial crisis in late 2008.

In Canada, from 2001 to 2007, the Business Cycle Was