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2. Early 1980s recession - Wikipedia

   en.wikipedia.org/wiki/Early_1980s_recession

   The Bank of Canada raised its prime interest rate throughout 1980 and early 1981 in an attempt to rein in inflation, with the deeper second portion of the recession beginning in July 1981. The Bank of Canada's interest rate peaked at 21% in August 1981 and was kept at high levels until spring 1982, but the inflation rate still averaged more ...

3. Neutral rate of interest - Wikipedia

   en.wikipedia.org/wiki/Neutral_rate_of_interest

   Neutral rate of interest. The neutral rate of interest, previously called the natural rate of interest, [1] is the real (net of inflation) interest rate that supports the economy at full employment /maximum output while keeping inflation constant. [2] It cannot be observed directly.

4. Early 1990s recession - Wikipedia

   en.wikipedia.org/wiki/Early_1990s_recession

   Canada's economy is considered to have been in recession for two full years in the early 1990s, specifically from April 1990 to April 1992. Canada's recession began about four months before that of the US, and was deeper, likely because of higher inflationary pressures in Canada, which prompted the Bank of Canada to raise interest rates to levels 5 to 6 percentage points higher than the ...

5. Banks rush to raise prime rates after Bank of Canada's ... - AOL

   www.aol.com/news/royal-bank-td-raise-prime-rates...

   The 50 basis-point increase by Canada's largest bank by market cap mirrors the Bank of Canada's hike, taking RBC's prime rate from 2.70 to 3.20 per cent. TD followed minutes later, also increasing ...

6. Will the UK and US cut interest rates like Europe? - AOL

   www.aol.com/uk-us-cut-interest-rates-215834607.html

   The European Central Bank (ECB) on Thursday announced its first interest rate cut in five years, dropping its main lending rate from an all-time high of 4% to 3.75%.

7. Economy of Canada - Wikipedia

   en.wikipedia.org/wiki/Economy_of_Canada

   Main data source: CIA World Fact Book. All values, unless otherwise stated, are in US dollars. The economy of Canada is a highly developed mixed economy, [36] [37] [38] with the world's tenth-largest economy as of 2023, and a nominal GDP of approximately US$ 2.117 trillion. [6] Canada is one of the world's largest trading nations, with a highly ...

8. Eurozone cuts interest rate for first time in 5 years - AOL

   www.aol.com/eurozone-cuts-interest-rate-first...

   The European Central Bank (ECB) announced a cut in its main interest rate from an all-time high of 4% to 3.75%. That follows Canada's decision on Wednesday to cut its official lending rate.

9. Comparison of Canadian and American economies - Wikipedia

   en.wikipedia.org/wiki/Comparison_of_Canadian_and...

   In Canada in October 2018, 11,200 new full-time jobs were added, lowering the unemployment rate to 5.8%—a "40-year low, underpinning expectations that the Bank of Canada would keep raising interest rates". However, the "labor participation rate fell to its lowest point since October 1998—65.2%.