Paul Volcker wanted to tame inflation and the Bank of Canada followed suit. The prime rate, which had fallen to 12.25% in July 1980 jumped to 22.75% by August 1981. A five-year fixed rate mortgage ...
the prime rate remained under 4% for more than a decade. However, rates started increasing dramatically starting in March 2022 because the Bank of Canada was trying to keep inflation from rising ...
The tariffs that President Donald Trump imposed Saturday on imports from Canada, Mexico and China are likely to reignite inflation and ... Canadian Prime Minister Justin Trudeau said Friday ...
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