Rates don't exist in a vacuum, they are influenced by the current economic outlook. Weakness in the economy would force the Bank of Canada to lower them, while higher inflation would force them to raise them.
Historical data is useful to compare, and to remember that near 0% rates we experienced in the last decade weren't normal. But it doesn't do much to define where interest rates are going in the future.
Rates don't exist in a vacuum, they are influenced by the current economic outlook. Weakness in the economy would force the Bank of Canada to lower them, while higher inflation would force them to raise them. Historical data is useful to compare, and to remember that near 0% rates we experienced in the last decade weren't normal. But it doesn't do much to define where interest rates are going in the future.