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Value of 1977 Canadian Dollar today

$100 in 1977
$459.41 in 2022

The inflation rate in Canada between 1977 and today has been 359.41%, which translates into a total increase of $359.41. This means that 100 dollars in 1977 are equivalent to 459.41 dollars in 2022. In other words, the purchasing power of $100 in 1977 equals $459.41 today. The average annual inflation rate between these periods has been 3.45%.

Inflation timeline in Canada (1977 - 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 1977-2021 321.24%
Cumulative inflation 1977-today 359.41%
Avg. Annual inflation 1977-2021 3.32%
CPI 1977 26.56
CPI 2021 111.88
CPI 2022-10 (latest official data) 121.52
CPI today 122.02

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 1977 and 2021, use the corresponding CPI values:

Value2021
=Value1977 ×
CPI2021/CPI1977
=$ 100 ×
111.88/26.56
$421.24

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 122.02:

Valuetoday
=Value1977 ×
CPItoday/CPI1977
=$ 100 ×
122.02/26.56
$459.41

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 44 years between 1977 and 2021 and the average inflation rate was 3.3223%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.033223)44
$421.24

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1977 $4.21 dollars in 2021
$5 dollars in 1977 $21.06 dollars in 2021
$10 dollars in 1977 $42.12 dollars in 2021
$50 dollars in 1977 $210.62 dollars in 2021
$100 dollars in 1977 $421.24 dollars in 2021
$500 dollars in 1977 $2,106.22 dollars in 2021
$1,000 dollars in 1977 $4,212.45 dollars in 2021
$5,000 dollars in 1977 $21,062.23 dollars in 2021
$10,000 dollars in 1977 $42,124.45 dollars in 2021
$50,000 dollars in 1977 $210,622.26 dollars in 2021
$100,000 dollars in 1977 $421,244.53 dollars in 2021
$500,000 dollars in 1977 $2,106,222.64 dollars in 2021
$1,000,000 dollars in 1977 $4,212,445.28 dollars in 2021
Cumulative inflation From 1977 359.41%
Avg. annual inflation From 1977 3.45%
CPI 1977 26.56
CPI today 122.02

Value of Dollar over time (by year)

Period Value
1977 100
1978 108.97
1979 118.94
1980 130.99
1981 147.32
1982 163.19
1983 172.76
1984 180.19
1985 187.33
1986 195.19
1987 203.69
1988 211.9
1989 222.46
1990 233.09
1991 246.21
1992 249.88
1993 254.54
1994 254.96
1995 260.44
1996 264.53
1997 268.82
1998 271.49
1999 276.2
2000 283.71
2001 290.88
2002 297.45
2003 305.65
2004 311.33
2005 318.22
2006 324.59
2007 331.53
2008 339.39
2009 340.41
2010 346.46
2011 356.54
2012 361.95
2013 365.34
2014 372.31
2015 376.5
2016 381.88
2017 387.98
2018 396.78
2019 404.51
2020 407.41
2021 421.24
2022-10 457.51
Today 459.41

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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