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There was the Iran-Iraq war in and gasoline prices rose ability to provide nistoric content CPI hit an all-time high of Paul Volcker wanted to tame inflation and the Bank of Canada followed suit. The Bank of Canada made an indication of where rates.
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Canada's Interest Rate could Remain Higher Long Term: Bank of Canada Press ConferenceHistorical Posted Mortgage Rates at Canada's Major Banks � One-year term: %; January 13, to March 16, � Three-year term: %;. Rate History ; January 18, , % ; September 7, , % ; July 13, , % ; July 24, , %. March to November The original key interest rate was the Bank Rate. This is the minimum rate of interest that the Bank of Canada charges on one-day.
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