What were Canadian interest rates in 1998 for mortgage, cars, credit cards and savings?

This is for a time capsule for the year 1998, so I'm just looking for some info to get an average idea. Thanks in advance for your help!


In your local library there are archives for 1998 and you can check in 'Globe and Mail' or 'Financial Post' newspaper. You can aslo visit thier website and check for archives. If you live in Toronto then visit Toronto Reference Library.

How does the Canadian dollar affect interest rates?

Now that the Canadian dollar is at parity with the US dollar, I've been hearing in the news that the Bank of Canada will be hiking interest rates. What is the reason behind this? How exactly does the dollar affect the interest rate? Thanks!


The dollar does not affect the interest rate.

What the problem is, is the parity dollar, it makes exporting companies less competitive so the Canadian gov't would really like a lower dollar.

But The Canadian gov't also sees

Low mortgage interest rates: Farhaneh Haque interviews Craig Alexander on pros & cons for Canadians

In this low interest rate environment, many Canadians may want to take the leap into homeownership. Craig Alexander, Chief Economist, TD Bank ...

Canada Dollar Beats Most Peers Amid Job Gains, Rate Bets

Canada’s dollar rose against all of its 16 most-traded peers except the yen and the U.S. dollar after employment climbed, fueling bets the central bank will be the first in the Group of Seven nations to raise interest rates.

The currency pared a weekly loss against its U.S. counterpart after Statistics Canada reported the nation’s biggest two-month job gain in more than 30 years, adding to evidence the nation’s economy is accelerating. Interest-rate speculation may be tempered next week by a report forecast to show the pace of inflation held below the Bank of Canada’s 2 percent target for a second month.

canadian interest rates - Bookshelf


A History of Interest Rates
710 pages
A History of Interest Rates

Although an undeveloped country, Canada was enjoying the low rates of interest then prevailing in London. These sterling yields were a part of the history of English interest rates, not of Canadian interest rates; they should not be ...

Canada can compete!, strategic management of the Canadian industrial portfolio
163 pages
Canada can compete!, strategic management of the Canadian industrial portfolio

Deficits are therefore being financed at high interest rates and through foreign borrowing. As a result, Canada's foreign exchange rate has been higher than would have been the case had fiscal policy been tighter and monetary policy ...

Canadian foreign policy and international economic regimes
431 pages
Canadian foreign policy and international economic regimes

This dismissal of international monetary co-ordination may have missed the point .86 Interest rates were high in Canada in April 1990 not just for domestic reasons but because high international interest rates had led the Bank of Canada ...

Canadian Interest Rates On The Rize?

Business Financing “What’s The Latest And Greatest On Canadian Interest Rates?”

I came across a number of articles today on Canadian interest rates and projections for where they are going and like usual, the prognosticators are all over the map.

But this time at least, I believe its for good reason.

The governor of the Bank of Canada uses interest rates like a gas peddle to manage inflation in the economy. Inflation becomes an issue with the actual production capacity of the country starts to reach the production potential. As production potential is reached, inflation can start to build quickly.

...

Read more...

canadian interest rates - calculating cost of equity - EquityLoanInNews.com

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canadian interest rates - News


Canada businesses upbeat on jobs, sales: poll
Canada businesses upbeat on jobs, sales: poll OTTAWA (Reuters) - The hiring intentions of Canadian businesses were at a record high in the second quarter, and their outlook on sales and financing were upbeat, according to a poll that adds pressure on the Bank of Canada to raise interest rates.

Canada's Dollar Falls Versus Greenback on Europe, Economic Growth Concern
The lack of spare capacity in the Canadian economy, the resilience of its labor markets and consumer prices that are running above expectations may force the Bank of Canada to raise interest rates sooner rather than later, boosting the nation's

Canada's Dollar Depreciates After China Raises Benchmark Interest Rates
Canada's Dollar Depreciates After China Raises Benchmark Interest Rates Canada's dollar fell versus its US counterpart, touching the lowest in almost a week, after the Chinese government increased interest rates to cool its economy, sapping demand for higher-yielding

Greece Needs 'Endgame' From EU to Enact Deficit Cuts, Canada's Martin Says
“They're saying to the Greeks 'we'll reduce your interest rate but once your economy turns around we want those interest rates to go up,'” Martin said. “It should be exactly the reverse. It's, 'we're going to bring your interest rates down and as you

Canadian housing starts rise in June
Canadian housing starts rise in June Higher Canadian sales Canada has continued to enjoy higher home sales and rising prices even as the threat of increased interest rates looms in the coming winter months. In recent months, the Bank of Canada has warned about Canadians borrowing too much

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