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Value of 1967 Canadian Dollar today

$100 in 1967
$893.97 in 2024

The inflation rate in Canada between 1967 and today has been 793.97%, which translates into a total increase of $793.97. This means that 100 dollars in 1967 are equivalent to 893.97 dollars in 2024. In other words, the purchasing power of $100 in 1967 equals $893.97 today. The average annual inflation rate between these periods has been 3.92%.

Inflation timeline in Canada (1967 - 2024)

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 1967-2023 768.8%
Cumulative inflation 1967-today 793.97%
Avg. Annual inflation 1967-2023 3.94%
CPI 1967 14.29
CPI 2023 124.13
CPI 2024-06 (latest official data) 127.52
CPI today 127.73

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 2023, use the corresponding CPI values:

Value2023
=Value1967 ×
CPI2023/CPI1967
=$ 100 ×
124.13/14.29
$868.8

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 127.73:

Valuetoday
=Value1967 ×
CPItoday/CPI1967
=$ 100 ×
127.73/14.29
$893.97

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 56 years between 1967 and 2023 and the average inflation rate was 3.9361%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=$100 × (1 + 0.039361)56
$868.8

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1967 $8.69 dollars in 2023
$5 dollars in 1967 $43.44 dollars in 2023
$10 dollars in 1967 $86.88 dollars in 2023
$50 dollars in 1967 $434.4 dollars in 2023
$100 dollars in 1967 $868.8 dollars in 2023
$500 dollars in 1967 $4,344.01 dollars in 2023
$1,000 dollars in 1967 $8,688.02 dollars in 2023
$5,000 dollars in 1967 $43,440.08 dollars in 2023
$10,000 dollars in 1967 $86,880.16 dollars in 2023
$50,000 dollars in 1967 $434,400.81 dollars in 2023
$100,000 dollars in 1967 $868,801.62 dollars in 2023
$500,000 dollars in 1967 $4,344,008.09 dollars in 2023
$1,000,000 dollars in 1967 $8,688,016.18 dollars in 2023
Cumulative inflation From 1967 793.97%
Avg. annual inflation From 1967 3.92%
CPI 1967 14.29
CPI today 127.73

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 836.36
2023 868.8
2024-06 892.53
Today 893.97

All available years

Today's value of canadian dollar by year:

1914 | 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 | 2022 | 2023 |

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