# Value of 1967 Canadian Dollar today

\$100 in 1967

\$771.92 in 2020

The inflation rate in Canada between 1967 and today has been 671.92%, which translates into a total increase of \$671.92. This means that 100 dollars in 1967 are equivalent to 771.92 dollars in 2020. In other words, the purchasing power of \$100 in 1967 equals \$771.92 today. The average annual inflation rate has been 3.86%.

## Inflation timeline in Canada (1967-2020)

The following chart depicts the equivalence of \$100 throughout the years due to 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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1967-2020) 670.62%
Total Inflation* 671.92%
Annual inflation avg. (1967-2020) 3.93%
Annual inflation avg.* 3.86%
CPI 1967 13.98
CPI 2020 107.77
CPI today* 107.95
\$1 in 1967 \$7.71 in 2020

* Values extrapolated from the last official data to obtain today's values.

## 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 compound interest formula or the Consumer Price Index (CPI) formula.

#### Using the compound interest formula

Given that money changes with time as a result of an inflation rate that acts as a compound interest, the following formula can be used: 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 53 years between 1967 and 2020 and the average inflation rate has been 3.8572%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = \$100 * (1 + 0.04)53 = \$770.62

#### Using the CPI formula

When the CPI for both start and end years is known, the following formula can be used:

Final value = Initial value *
CPI final/CPI initial

In this case, the CPI in 1967 was 13.98 and the CPI today is 107.95. Therefore,

Final value = Initial value *
CPI final/CPI initial
= \$100 *
107.77/13.98
= \$770.62

### Canada inflation - Conversion table

Initial Value Equivalent value
\$1 dollar in 1967 \$7.72 dollars today
\$5 dollars in 1967 \$38.6 dollars today
\$10 dollars in 1967 \$77.19 dollars today
\$50 dollars in 1967 \$385.96 dollars today
\$100 dollars in 1967 \$771.92 dollars today
\$500 dollars in 1967 \$3,859.61 dollars today
\$1,000 dollars in 1967 \$7,719.22 dollars today
\$5,000 dollars in 1967 \$38,596.08 dollars today
\$10,000 dollars in 1967 \$77,192.16 dollars today
\$50,000 dollars in 1967 \$385,960.79 dollars today
\$100,000 dollars in 1967 \$771,921.57 dollars today
\$500,000 dollars in 1967 \$3,859,607.86 dollars today
\$1,000,000 dollars in 1967 \$7,719,215.72 dollars today

Period Value
1967 100
1968 103.95
1969 108.47
1970 113.56
1971 114.69
1972 120.34
1973 126.55
1974 138.42
1975 155.93
1976 170.62
1977 180.23
1978 197.18
1979 214.12
1980 235.03
1981 261.02
1982 292.66
1983 319.77
1984 334.46
1985 346.89
1986 362.15
1987 377.4
1988 393.22
1989 408.47
1990 429.94
1991 451.41
1992 468.36
1993 478.53
1994 486.44
1995 487.57
1996 496.05
1997 506.78
1998 510.73
1999 515.82
2000 529.38
2001 546.33
2002 550.28
2003 571.19
2004 583.05
2005 595.48
2006 607.91
2007 618.08
2008 632.77
2009 640.11
2010 648.59
2011 663.84
2012 679.1
2013 684.75
2014 693.22
2015 703.39
2016 714.69
2017 725.42
2018 738.98
2019 753.67
2020 770.62
Today 771.92