Value of 1979 Canadian Dollar today

$100 in 1979

$353.83 in 2018

The inflation rate in Canada between 1979 and today has been 253.83%, which translates into a total increase of $253.83. This means that 100 dollars in 1979 are equivalent to 353.83 dollars in 2018. In other words, the purchasing power of $100 in 1979 equals $353.83 today. The average annual inflation rate has been 3.21%.

Inflation timeline in Canada (1979-2018)

The following chart ilustrates the equivalence of $100 throughout the years due to inflation and CPI changes. All values are equivalent in terms of purchashing 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 (1979-2018) 245.12%
Total Inflation* 253.83%
Annual inflation avg. (1979-2018) 3.23%
Annual inflation avg.* 3.21%
CPI 1979 29.94
CPI 2018 103.34
CPI today* 105.95
$1 in 1979 $3.45 in 2018

* 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 in 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 39 years between 1979 and 2018 and the average inflation rate has been 3.2095%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.03)39 = $345.12

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 1979 was 29.94 and the CPI today is 105.95. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
103.34/29.94
= $345.12

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1979 $3.54 dollars today
$5 dollars in 1979 $17.69 dollars today
$10 dollars in 1979 $35.38 dollars today
$50 dollars in 1979 $176.91 dollars today
$100 dollars in 1979 $353.83 dollars today
$500 dollars in 1979 $1,769.15 dollars today
$1,000 dollars in 1979 $3,538.3 dollars today
$5,000 dollars in 1979 $17,691.48 dollars today
$10,000 dollars in 1979 $35,382.95 dollars today
$50,000 dollars in 1979 $176,914.76 dollars today
$100,000 dollars in 1979 $353,829.51 dollars today
$500,000 dollars in 1979 $1,769,147.57 dollars today
$1,000,000 dollars in 1979 $3,538,295.15 dollars today

Value of Dollar in time (by year)

Period Value
1979 100
1980 109.76
1981 121.9
1982 136.68
1983 149.34
1984 156.2
1985 162.01
1986 169.13
1987 176.25
1988 183.64
1989 190.77
1990 200.79
1991 210.82
1992 218.73
1993 223.48
1994 227.18
1995 227.7
1996 231.66
1997 236.68
1998 238.52
1999 240.9
2000 247.23
2001 255.15
2002 256.99
2003 266.75
2004 272.3
2005 278.1
2006 283.91
2007 288.65
2008 295.51
2009 298.94
2010 302.9
2011 310.03
2012 317.15
2013 319.79
2014 323.75
2015 328.5
2016 333.77
2017 338.79
2018 345.12
Today 353.83