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Value of 1959 Canadian Dollar today

$100 in 1959
$988.56 in 2022

The inflation rate in Canada between 1959 and today has been 888.56%, which translates into a total increase of $888.56. This means that 100 dollars in 1959 are equivalent to 988.56 dollars in 2022. In other words, the purchasing power of $100 in 1959 equals $988.56 today. The average annual inflation rate between these periods has been 3.7%.

Inflation timeline in Canada (1959 - 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 1959-2021 823.53%
Cumulative inflation 1959-today 888.56%
Avg. Annual inflation 1959-2021 3.65%
CPI 1959 12.11
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 1959 and 2021, use the corresponding CPI values:

Value2021
=Value1959 ×
CPI2021/CPI1959
=$ 100 ×
111.88/12.11
$923.53

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

Valuetoday
=Value1959 ×
CPItoday/CPI1959
=$ 100 ×
119.76/12.11
$988.56

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 62 years between 1959 and 2021 and the average inflation rate was 3.6506%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.036506)62
$923.53

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1959 $9.24 dollars in 2021
$5 dollars in 1959 $46.18 dollars in 2021
$10 dollars in 1959 $92.35 dollars in 2021
$50 dollars in 1959 $461.77 dollars in 2021
$100 dollars in 1959 $923.53 dollars in 2021
$500 dollars in 1959 $4,617.66 dollars in 2021
$1,000 dollars in 1959 $9,235.33 dollars in 2021
$5,000 dollars in 1959 $46,176.63 dollars in 2021
$10,000 dollars in 1959 $92,353.26 dollars in 2021
$50,000 dollars in 1959 $461,766.28 dollars in 2021
$100,000 dollars in 1959 $923,532.56 dollars in 2021
$500,000 dollars in 1959 $4,617,662.81 dollars in 2021
$1,000,000 dollars in 1959 $9,235,325.63 dollars in 2021
Cumulative inflation From 1959 888.56%
Avg. annual inflation From 1959 3.7%
CPI 1959 12.11
CPI today 119.76

Value of Dollar over time (by year)

Period Value
1959 100
1960 101.36
1961 102.39
1962 103.48
1963 105.16
1964 107.17
1965 109.67
1966 113.86
1967 117.93
1968 122.72
1969 128.32
1970 132.61
1971 136.2
1972 142.99
1973 153.7
1974 170.6
1975 188.8
1976 203.04
1977 219.24
1978 238.91
1979 260.76
1980 287.17
1981 322.99
1982 357.77
1983 378.75
1984 395.05
1985 410.71
1986 427.93
1987 446.58
1988 464.57
1989 487.72
1990 511.03
1991 539.78
1992 547.83
1993 558.04
1994 558.97
1995 570.98
1996 579.95
1997 589.35
1998 595.22
1999 605.54
2000 622.01
2001 637.72
2002 652.12
2003 670.11
2004 682.55
2005 697.66
2006 711.63
2007 726.85
2008 744.08
2009 746.3
2010 759.57
2011 781.68
2012 793.53
2013 800.98
2014 816.25
2015 825.43
2016 837.23
2017 850.6
2018 869.89
2019 886.85
2020 893.21
2021 923.53
2022-04 976.96
Today 988.56

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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