Inflation reached 12.7% in December 1974 and the economy entered into a recession. The prime rate was 6% in 1972 before the BoC began raising rates. It peaked at 11% in 1974–or so most people ...

Generally speaking, a higher prime rate leads to higher interest rates, making it more expensive to borrow. Your individual credit history also affects the interest rates you qualify for ...

The prime rate reported by the Federal Reserve is the ... Louis’ Federal Reserve History website. Investment bank Bear ...