Wage and price controls, Trudeau's National Energy Policy and 21 per
cent interest rates followed.
Not exact matches
The Bank of England
followed the Federal Reserve by increasing its official
interest rates by 25 basis points to 5.25 per
cent in September, and another 25 basis points to 5.50 per
cent in November.
For the
following year, underlying inflation of 2.6 per
cent is expected, with a similar figure for the headline
rate as mortgage
interest reductions drop out of the calculation.
This
followed a period of high
interest rates in the early 1990s, peaking at 15 per
cent.
Following nearly a decade of low
interest rates, the Bank of Canada began increasing its central
rate last July, eventually pushing it to 1.25 per
cent from 0.5 per
cent.
Canada's biggest banks raised their prime
interest rates one after another this week
following the Bank of Canada increase of its policy
rate to 0.75 per
cent from 0.5 per
cent.
(3)
Interest is payable at the
rate of 1 per
cent per month, compounded monthly, from the date on which the amount becomes overdue until the earlier of the
following dates:
Driven by low
interest rates, the Canadian mortgage market will expand by 10 per
cent this year,
followed by another 10 per
cent in 2006, says the Canadian Institute of Mortgage Brokers and Lenders (CIMBL).
Driven by low
interest rates, the Canadian mortgage market will expand by 10 per
cent this year,
followed by another 10 per
cent in...