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Value of 1966 Canadian Dollar today

$100 in 1966
$862.02 in 2022

The inflation rate in Canada between 1966 and today has been 762.02%, which translates into a total increase of $762.02. This means that 100 dollars in 1966 are equivalent to 862.02 dollars in 2022. In other words, the purchasing power of $100 in 1966 equals $862.02 today. The average annual inflation rate between these periods has been 3.92%.

Inflation timeline in Canada (1966 - 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 1966-2021 711.12%
Cumulative inflation 1966-today 762.02%
Avg. Annual inflation 1966-2021 3.88%
CPI 1966 13.79
CPI 2021 111.88
CPI 2022-04 (latest official data) 118.36
CPI today 118.91

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 1966 and 2021, use the corresponding CPI values:

Value2021
=Value1966 ×
CPI2021/CPI1966
=$ 100 ×
111.88/13.79
$811.12

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 118.91:

Valuetoday
=Value1966 ×
CPItoday/CPI1966
=$ 100 ×
118.91/13.79
$862.02

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 55 years between 1966 and 2021 and the average inflation rate was 3.8793%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.038793)55
$811.12

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1966 $8.11 dollars in 2021
$5 dollars in 1966 $40.56 dollars in 2021
$10 dollars in 1966 $81.11 dollars in 2021
$50 dollars in 1966 $405.56 dollars in 2021
$100 dollars in 1966 $811.12 dollars in 2021
$500 dollars in 1966 $4,055.61 dollars in 2021
$1,000 dollars in 1966 $8,111.22 dollars in 2021
$5,000 dollars in 1966 $40,556.11 dollars in 2021
$10,000 dollars in 1966 $81,112.21 dollars in 2021
$50,000 dollars in 1966 $405,561.06 dollars in 2021
$100,000 dollars in 1966 $811,122.11 dollars in 2021
$500,000 dollars in 1966 $4,055,610.57 dollars in 2021
$1,000,000 dollars in 1966 $8,111,221.14 dollars in 2021
Cumulative inflation From 1966 762.02%
Avg. annual inflation From 1966 3.92%
CPI 1966 13.79
CPI today 118.91

Value of Dollar over time (by year)

Period Value
1966 100
1967 103.58
1968 107.78
1969 112.7
1970 116.47
1971 119.62
1972 125.58
1973 134.99
1974 149.83
1975 165.82
1976 178.33
1977 192.55
1978 209.83
1979 229.02
1980 252.22
1981 283.68
1982 314.22
1983 332.65
1984 346.97
1985 360.72
1986 375.85
1987 392.22
1988 408.02
1989 428.35
1990 448.83
1991 474.08
1992 481.15
1993 490.12
1994 490.93
1995 501.48
1996 509.36
1997 517.61
1998 522.77
1999 531.84
2000 546.3
2001 560.1
2002 572.74
2003 588.54
2004 599.48
2005 612.74
2006 625.01
2007 638.38
2008 653.51
2009 655.47
2010 667.11
2011 686.54
2012 696.95
2013 703.48
2014 716.9
2015 724.96
2016 735.32
2017 747.06
2018 764.01
2019 778.9
2020 784.49
2021 811.12
2022-04 858.04
Today 862.02

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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