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Value of 1970 Canadian Dollar today

$100 in 1970
$744.78 in 2022

The inflation rate in Canada between 1970 and today has been 644.78%, which translates into a total increase of $644.78. This means that 100 dollars in 1970 are equivalent to 744.78 dollars in 2022. In other words, the purchasing power of $100 in 1970 equals $744.78 today. The average annual inflation rate between these periods has been 3.94%.

Inflation timeline in Canada (1970 - 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 1970-2021 596.43%
Cumulative inflation 1970-today 644.78%
Avg. Annual inflation 1970-2021 3.88%
CPI 1970 16.07
CPI 2021 111.88
CPI 2022-04 (latest official data) 118.36
CPI today 119.65

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 1970 and 2021, use the corresponding CPI values:

Value2021
=Value1970 ×
CPI2021/CPI1970
=$ 100 ×
111.88/16.07
$696.43

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 119.65:

Valuetoday
=Value1970 ×
CPItoday/CPI1970
=$ 100 ×
119.65/16.07
$744.78

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 51 years between 1970 and 2021 and the average inflation rate was 3.8788%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.038788)51
$696.43

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1970 $6.96 dollars in 2021
$5 dollars in 1970 $34.82 dollars in 2021
$10 dollars in 1970 $69.64 dollars in 2021
$50 dollars in 1970 $348.22 dollars in 2021
$100 dollars in 1970 $696.43 dollars in 2021
$500 dollars in 1970 $3,482.17 dollars in 2021
$1,000 dollars in 1970 $6,964.34 dollars in 2021
$5,000 dollars in 1970 $34,821.72 dollars in 2021
$10,000 dollars in 1970 $69,643.43 dollars in 2021
$50,000 dollars in 1970 $348,217.15 dollars in 2021
$100,000 dollars in 1970 $696,434.31 dollars in 2021
$500,000 dollars in 1970 $3,482,171.53 dollars in 2021
$1,000,000 dollars in 1970 $6,964,343.07 dollars in 2021
Cumulative inflation From 1970 644.78%
Avg. annual inflation From 1970 3.94%
CPI 1970 16.07
CPI today 119.65

Value of Dollar over time (by year)

Period Value
1970 100
1971 102.7
1972 107.83
1973 115.9
1974 128.65
1975 142.38
1976 153.11
1977 165.33
1978 180.16
1979 196.64
1980 216.56
1981 243.57
1982 269.79
1983 285.61
1984 297.91
1985 309.71
1986 322.7
1987 336.76
1988 350.33
1989 367.79
1990 385.37
1991 407.05
1992 413.11
1993 420.82
1994 421.52
1995 430.57
1996 437.34
1997 444.43
1998 448.85
1999 456.64
2000 469.06
2001 480.9
2002 491.76
2003 505.33
2004 514.71
2005 526.11
2006 536.64
2007 548.11
2008 561.11
2009 562.79
2010 572.79
2011 589.47
2012 598.4
2013 604.02
2014 615.53
2015 622.46
2016 631.35
2017 641.43
2018 655.98
2019 668.77
2020 673.57
2021 696.43
2022-04 736.72
Today 744.78

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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