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Value of 1960 Canadian Dollar today

$100 in 1960
$975.13 in 2022

The inflation rate in Canada between 1960 and today has been 875.13%, which translates into a total increase of $875.13. This means that 100 dollars in 1960 are equivalent to 975.13 dollars in 2022. In other words, the purchasing power of $100 in 1960 equals $975.13 today. The average annual inflation rate between these periods has been 3.74%.

Inflation timeline in Canada (1960 - 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 1960-2021 811.15%
Cumulative inflation 1960-today 875.13%
Avg. Annual inflation 1960-2021 3.69%
CPI 1960 12.28
CPI 2021 111.88
CPI 2022-04 (latest official data) 118.36
CPI today 119.74

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 1960 and 2021, use the corresponding CPI values:

Value2021
=Value1960 ×
CPI2021/CPI1960
=$ 100 ×
111.88/12.28
$911.15

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 119.74:

Valuetoday
=Value1960 ×
CPItoday/CPI1960
=$ 100 ×
119.74/12.28
$975.13

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 61 years between 1960 and 2021 and the average inflation rate was 3.6886%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.036886)61
$911.15

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1960 $9.11 dollars in 2021
$5 dollars in 1960 $45.56 dollars in 2021
$10 dollars in 1960 $91.12 dollars in 2021
$50 dollars in 1960 $455.58 dollars in 2021
$100 dollars in 1960 $911.15 dollars in 2021
$500 dollars in 1960 $4,555.77 dollars in 2021
$1,000 dollars in 1960 $9,111.53 dollars in 2021
$5,000 dollars in 1960 $45,557.65 dollars in 2021
$10,000 dollars in 1960 $91,115.3 dollars in 2021
$50,000 dollars in 1960 $455,576.52 dollars in 2021
$100,000 dollars in 1960 $911,153.04 dollars in 2021
$500,000 dollars in 1960 $4,555,765.21 dollars in 2021
$1,000,000 dollars in 1960 $9,111,530.42 dollars in 2021
Cumulative inflation From 1960 875.13%
Avg. annual inflation From 1960 3.74%
CPI 1960 12.28
CPI today 119.74

Value of Dollar over time (by year)

Period Value
1960 100
1961 101.02
1962 102.09
1963 103.75
1964 105.74
1965 108.2
1966 112.33
1967 116.35
1968 121.07
1969 126.6
1970 130.83
1971 134.37
1972 141.07
1973 151.64
1974 168.31
1975 186.27
1976 200.32
1977 216.3
1978 235.71
1979 257.27
1980 283.32
1981 318.66
1982 352.98
1983 373.67
1984 389.76
1985 405.2
1986 422.2
1987 440.59
1988 458.34
1989 481.18
1990 504.18
1991 532.55
1992 540.48
1993 550.56
1994 551.47
1995 563.32
1996 572.17
1997 581.45
1998 587.24
1999 597.43
2000 613.67
2001 629.17
2002 643.38
2003 661.13
2004 673.4
2005 688.31
2006 702.09
2007 717.1
2008 734.1
2009 736.3
2010 749.38
2011 771.21
2012 782.9
2013 790.24
2014 805.31
2015 814.37
2016 826.01
2017 839.2
2018 858.23
2019 874.96
2020 881.23
2021 911.15
2022-04 963.86
Today 975.13

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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