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Value of 1967 Canadian Dollar today

$100 in 1967
$853.87 in 2022

The inflation rate in Canada between 1967 and today has been 753.87%, which translates into a total increase of $753.87. This means that 100 dollars in 1967 are equivalent to 853.87 dollars in 2022. In other words, the purchasing power of $100 in 1967 equals $853.87 today. The average annual inflation rate between these periods has been 3.98%.

Inflation timeline in Canada (1967 - 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 1967-2021 683.09%
Cumulative inflation 1967-today 753.87%
Avg. Annual inflation 1967-2021 3.88%
CPI 1967 14.29
CPI 2021 111.88
CPI 2022-10 (latest official data) 121.52
CPI today 122

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 1967 and 2021, use the corresponding CPI values:

Value2021
=Value1967 ×
CPI2021/CPI1967
=$ 100 ×
111.88/14.29
$783.09

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 122:

Valuetoday
=Value1967 ×
CPItoday/CPI1967
=$ 100 ×
122/14.29
$853.87

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 54 years between 1967 and 2021 and the average inflation rate was 3.8848%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.038848)54
$783.09

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1967 $7.83 dollars in 2021
$5 dollars in 1967 $39.15 dollars in 2021
$10 dollars in 1967 $78.31 dollars in 2021
$50 dollars in 1967 $391.54 dollars in 2021
$100 dollars in 1967 $783.09 dollars in 2021
$500 dollars in 1967 $3,915.44 dollars in 2021
$1,000 dollars in 1967 $7,830.87 dollars in 2021
$5,000 dollars in 1967 $39,154.37 dollars in 2021
$10,000 dollars in 1967 $78,308.74 dollars in 2021
$50,000 dollars in 1967 $391,543.72 dollars in 2021
$100,000 dollars in 1967 $783,087.43 dollars in 2021
$500,000 dollars in 1967 $3,915,437.16 dollars in 2021
$1,000,000 dollars in 1967 $7,830,874.32 dollars in 2021
Cumulative inflation From 1967 753.87%
Avg. annual inflation From 1967 3.98%
CPI 1967 14.29
CPI today 122

Value of Dollar over time (by year)

Period Value
1967 100
1968 104.06
1969 108.8
1970 112.44
1971 115.48
1972 121.24
1973 130.32
1974 144.65
1975 160.09
1976 172.17
1977 185.9
1978 202.58
1979 221.11
1980 243.5
1981 273.87
1982 303.36
1983 321.15
1984 334.98
1985 348.25
1986 362.86
1987 378.66
1988 393.92
1989 413.55
1990 433.32
1991 457.7
1992 464.52
1993 473.18
1994 473.96
1995 484.15
1996 491.75
1997 499.72
1998 504.7
1999 513.46
2000 527.42
2001 540.74
2002 552.95
2003 568.2
2004 578.76
2005 591.57
2006 603.41
2007 616.31
2008 630.92
2009 632.81
2010 644.06
2011 662.81
2012 672.86
2013 679.17
2014 692.12
2015 699.91
2016 709.91
2017 721.24
2018 737.6
2019 751.98
2020 757.37
2021 783.09
2022-10 850.51
Today 853.87

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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