The Good Ol' Days

"The Bank of Canada cut its overnight rate by half a percentage point to 1%; it has now lowered the rate by 3.5 percentage points since December 2007. The previous low was 1.12% in July 1958."
I was only 12 in 1958 and knew diddly-squawk about interest rates.

If I was younger now, I'd borrow money at a variable rate and start snooping around stocks and real estate hoping to make a fortune in 10 yrs. Deflation worries keep the smart people's hands in their pockets. Since I'm on the older side of life and with a medical promise of less time, I'll just keep on spending to help out the economy.   

All I can remember about 1958 is NOT the interest rates but the Second Narrows Bridge collapsing, losing my pigtails and getting my first perm(it was a frizzy one), and starting high school. I suspect there were other significant happenings, but not in my little world. I did see an ad where acreage was $150 per acre out in the Fraser Valley in 1958. With mortgage rates at 4%  that seems like the good ol' days. But how much did the average person make back then?

I don't have the stats, but I do know my income as a teacher in 1968 was $450 per month.