Wright: Anxious about interest rates? Well, welcome to the 1980s

In recent weeks, we’ve heard a great deal about the likelihood of “nasty” interest rate increases. Canadian borrowers are being advised to brace for the worst.
But what does the worst really look like? Here’s a trip down memory lane but –   spoiler alert – it’s not for the faint of heart.
Between 1935 and 1967, the Canadian prime rate – the rate at which the banks lend to their best customers – never exceeded six per cent. Rates beg