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Value of 1958 Canadian Dollar today

$100 in 1958
$1,000.52 in 2022

The inflation rate in Canada between 1958 and today has been 900.52%, which translates into a total increase of $900.52. This means that 100 dollars in 1958 are equivalent to 1,000.52 dollars in 2022. In other words, the purchasing power of $100 in 1958 equals $1,000.52 today. The average annual inflation rate between these periods has been 3.66%.

Inflation timeline in Canada (1958 - 2022)

The following chart depicts the equivalence of $100 due to compound inflation and CPI changes. All values are equivalent in terms of purchasing power, which means that for each year the same goods or services could be bought with the indicated amount of money.

All calculations are performed in the local currency (CAD) and using 6 decimal digits. Results show only up to 2 decimal digits to favour readability. Inflation data is provided by governments and international institutions on a monthly basis. Today's values were extrapolated from the latest 12-month rolling average official data.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation 1958-2021 834.71%
Cumulative inflation 1958-today 900.52%
Avg. Annual inflation 1958-2021 3.61%
CPI 1958 11.97
CPI 2021 111.88
CPI 2022-04 (latest official data) 118.36
CPI today 119.76

How to calculate today's value of money after inflation?

There are several ways to calculate the time value of money. Depending on the data available, results can be obtained by using the Consumer Price Index (CPI) formula or the compound interest formula.

Using the CPI formula

When we have both the start and end years, we can use the following formula:

Valuet =Value0 ×
CPIt/CPI0

To obtain the values equivalent in buying power between 1958 and 2021, use the corresponding CPI values:

Value2021
=Value1958 ×
CPI2021/CPI1958
=$ 100 ×
111.88/11.97
$934.71

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 119.76:

Valuetoday
=Value1958 ×
CPItoday/CPI1958
=$ 100 ×
119.76/11.97
$1,000.52

Alternative: Using the compound interest formula

Given that money changes with time as a result of an inflation rate that acts as compound interest, we can use the following formula: FV = PV × (1 + i)n, where:

  • FV: Future Value
  • PV: Present Value
  • i: Interest rate (inflation)
  • n: Number of times the interest is compounded (i.e. # of years)

In this case, the future value represents the final amount obtained after applying the inflation rate to our initial value. In other words, it indicates how much are $100 worth today. There are 63 years between 1958 and 2021 and the average inflation rate was 3.6114%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.036114)63
$934.71

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1958 $9.35 dollars in 2021
$5 dollars in 1958 $46.74 dollars in 2021
$10 dollars in 1958 $93.47 dollars in 2021
$50 dollars in 1958 $467.35 dollars in 2021
$100 dollars in 1958 $934.71 dollars in 2021
$500 dollars in 1958 $4,673.54 dollars in 2021
$1,000 dollars in 1958 $9,347.08 dollars in 2021
$5,000 dollars in 1958 $46,735.42 dollars in 2021
$10,000 dollars in 1958 $93,470.83 dollars in 2021
$50,000 dollars in 1958 $467,354.16 dollars in 2021
$100,000 dollars in 1958 $934,708.33 dollars in 2021
$500,000 dollars in 1958 $4,673,541.64 dollars in 2021
$1,000,000 dollars in 1958 $9,347,083.29 dollars in 2021
Cumulative inflation From 1958 900.52%
Avg. annual inflation From 1958 3.66%
CPI 1958 11.97
CPI today 119.76

Value of Dollar over time (by year)

Period Value
1958 100
1959 101.21
1960 102.59
1961 103.63
1962 104.73
1963 106.44
1964 108.47
1965 111
1966 115.24
1967 119.36
1968 124.2
1969 129.87
1970 134.21
1971 137.84
1972 144.72
1973 155.56
1974 172.66
1975 191.09
1976 205.5
1977 221.89
1978 241.8
1979 263.92
1980 290.65
1981 326.9
1982 362.1
1983 383.33
1984 399.83
1985 415.68
1986 433.11
1987 451.98
1988 470.19
1989 493.62
1990 517.22
1991 546.31
1992 554.46
1993 564.8
1994 565.73
1995 577.89
1996 586.96
1997 596.48
1998 602.42
1999 612.87
2000 629.54
2001 645.43
2002 660.01
2003 678.22
2004 690.81
2005 706.11
2006 720.24
2007 735.64
2008 753.08
2009 755.34
2010 768.76
2011 791.14
2012 803.14
2013 810.67
2014 826.13
2015 835.42
2016 847.36
2017 860.89
2018 880.42
2019 897.58
2020 904.01
2021 934.71
2022-04 988.78
Today 1,000.52

All available years

Today's value of canadian dollar by year:

1915 | 1916 | 1917 | 1918 | 1919 | 1920 | 1921 | 1922 | 1923 | 1924 | 1925 | 1926 | 1927 | 1928 | 1929 | 1930 | 1931 | 1932 | 1933 | 1934 | 1935 | 1936 | 1937 | 1938 | 1939 | 1940 | 1941 | 1942 | 1943 | 1944 | 1945 | 1946 | 1947 | 1948 | 1949 | 1950 | 1951 | 1952 | 1953 | 1954 | 1955 | 1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |

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