Quote:
Originally Posted by The mayor
1981
High interest rates, Canada and the 80s what year?
The year when Canada experienced high interest rates was 1981. During this year, the Bank of Canada raised its key interest rate to combat high inflation, which had reached over 12 percent. The average 5-year fixed mortgage rate in Canada peaked at about 21 percent, leading to significant financial challenges for homeowners.
The NDP where in power during this recession so there you go
I know your stiffer pills are not working anymore, but that’s the way it goes
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The Saskatchewan provincial NDP had nothing to do with the Bank of Canada in 1981. The NDP have never been in power federally. You've proven time and time again you don't know anything and that you're severely keyboard challenged. Just go play in your little Moose Jaw thread.
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