The Governor of the Bank of Canada (BOC) just announced that Canada may be entering a recession and the BOC and the government needs to introduce policy to address this serious matter.

Discuss what this means in terms of what you have learned to date about the 4 phases of the Business Cycle, factors of production utilization within the economy, fiscal and monetary policies...... What could the BOC and Government possibly do?

Solely use the text and in class material to form your response