What phase of the business cycle is the Canadian and your provincial economy experiencing at the present time? Justify your answer. Which types of industries are hit hardest by a recession? Explain. Please refer class readings of Class 4. If possible, also visit the Bank of Canada website (http://www.bankofcanada.ca/) and Statistics Canada's website (http://www.statcan.gc.ca/start-debut-eng.html). Please do not refer Wikipedia, Investopedia or similar sites as your reference. Also please avoid any kind of political reference