explain what happened in interest rate during these years from 2007 to 2016
Canadian Interest Rates Monthly series: 2007-05 – 2016-04 V122530 = Bank rate ” ” Summary Date V122530Low 9/7/2001 0.5High 7/7/2001 4.75Average 2007-05-01 – 2016-04-01 1.55 Date V122530 16-Apr 0.75 16-Mar 0.75 16-Feb 0.75 16-Jan 0.75 15-Dec 0.75 15-Nov 0.75 15-Oct 0.75 15-Sep 0.75 15-Aug 0.75 15-Jul 0.75 15-Jun 1 15-May 1 15-Apr 1 15-Mar 1 15-Feb 1 15-Jan 1 14-Dec 1.25 14-Nov 1.25 14-Oct 1.25 14-Sep 1.25 14-Aug 1.25 14-Jul 1.25 14-Jun 1.25 14-May 1.25 14-Apr 1.25 14-Mar 1.25 14-Feb 1.25 14-Jan 1.25 13-Dec 1.25 13-Nov 1.25 13-Oct 1.25 13-Sep 1.25 13-Aug 1.25 13-Jul 1.25 13-Jun 1.25 13-May 1.25 13-Apr 1.25 13-Mar 1.25 13-Feb 1.25 13-Jan 1.25 12-Dec 1.25 12-Nov 1.25 12-Oct 1.25 12-Sep 1.25 12-Aug 1.25 12-Jul 1.25 12-Jun 1.25 12-May 1.25 12-Apr 1.25 12-Mar 1.25 12-Feb 1.25 12-Jan 1.25 11-Dec 1.25 11-Nov 1.25 11-Oct 1.25 11-Sep 1.25 11-Aug 1.25 11-Jul 1.25 11-Jun 1.25 11-May 1.25 11-Apr 1.25 11-Mar 1.25 11-Feb 1.25 11-Jan 1.25 10-Dec 1.25 10-Nov 1.25 10-Oct 1.25 10-Sep 1.25 10-Aug 1 10-Jul 1 10-Jun 0.75 10-May 0.5 10-Apr 0.5 10-Mar 0.5 10-Feb 0.5 10-Jan 0.5 9-Dec 0.5 9-Nov 0.5 9-Oct 0.5 9-Sep 0.5 9-Aug 0.5 9-Jul 0.5 9-Jun 0.5 9-May 0.5 9-Apr 0.5 9-Mar 0.75 9-Feb 1.25 9-Jan 1.25 8-Dec 1.75 8-Nov 2.5 8-Oct 2.5 8-Sep 3.25 8-Aug 3.25 8-Jul 3.25 8-Jun 3.25 8-May 3.25 8-Apr 3.25 8-Mar 3.75 8-Feb 4.25 8-Jan 4.25 7-Dec 4.5 7-Nov 4.75 7-Oct 4.75 7-Sep 4.75 7-Aug 4.75 7-Jul 4.75 7-Jun 4.5 7-May 4.5