\$100 in 1965 is worth \$944.30 today

\$

The Canadian dollar has lost 89% its value since 1965

Updated: July 11, 2024

\$100 in 1965 is equivalent in purchasing power to about \$944.30 today, an increase of \$844.30 over 59 years. The dollar had an average inflation rate of 3.88% per year between 1965 and today, producing a cumulative price increase of 844.30%.

This means that today's prices are 9.44 times as high as average prices since 1965, according to Statistics Canada consumer price index. A dollar today only buys 10.590% of what it could buy back then.

The inflation rate in 1965 was 2.33%. The current inflation rate compared to the end of last year is now 1.15%. If this number holds, \$100 today will be equivalent in buying power to \$101.15 next year.

 Cumulative price change 844.30% Average inflation rate 3.88% Converted amount\$100 base \$944.30 Price difference\$100 base \$844.30 CPI in 1965 16.817 CPI in 2024 158.800 Inflation in 1965 2.33% Inflation in 2024 1.15% \$100 in 1965 \$944.30 in 2024

CAD inflation since 1965
Annual Rate, Statistics Canada CPI

Buying power of \$100 in 1965

This chart shows a calculation of buying power equivalence for \$100 in 1965 (price index tracking began in 1914).

For example, if you started with \$100, you would need to end with \$944.30 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$100 is equivalent to \$944.30 over time, that means that the "real value" of a single Canadian dollar decreases over time. In other words, a dollar will pay for fewer items at the store.

This effect explains how inflation erodes the value of a dollar over time. By calculating the value in 1965 dollars, the chart below shows how \$100 is worth less over 59 years.

According to Statistics Canada, each of these CAD amounts below is equal in terms of what it could buy at the time:

Dollar inflation: 1965-2024
YearDollar ValueInflation Rate
1965\$100.002.33%
1966\$103.823.82%
1967\$107.533.58%
1968\$111.894.06%
1969\$117.004.56%
1970\$120.913.35%
1971\$124.182.70%
1972\$130.384.99%
1973\$140.147.49%
1974\$155.5511.00%
1975\$172.1510.67%
1976\$185.137.54%
1977\$199.907.98%
1978\$217.848.97%
1979\$237.769.14%
1980\$261.8410.13%
1981\$294.5012.47%
1982\$326.2110.77%
1983\$345.345.86%
1984\$360.214.30%
1985\$374.483.96%
1986\$390.194.19%
1987\$407.194.36%
1988\$423.594.03%
1989\$444.704.98%
1990\$465.964.78%
1991\$492.175.63%
1992\$499.501.49%
1993\$508.821.87%
1994\$509.660.17%
1995\$520.612.15%
1996\$528.791.57%
1997\$537.361.62%
1998\$542.721.00%
1999\$552.131.73%
2000\$567.152.72%
2001\$581.472.53%
2002\$594.602.26%
2003\$611.002.76%
2004\$622.351.86%
2005\$636.122.21%
2006\$648.862.00%
2007\$662.742.14%
2008\$678.442.37%
2009\$680.480.30%
2010\$692.571.78%
2011\$712.742.91%
2012\$723.541.52%
2013\$730.330.94%
2014\$744.251.91%
2015\$752.631.13%
2016\$763.381.43%
2017\$775.571.60%
2018\$793.162.27%
2019\$808.621.95%
2020\$814.420.72%
2021\$842.073.40%
2022\$899.366.80%
2023\$933.603.81%
2024\$944.301.15%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 53 more rows

This conversion table shows various other 1965 amounts in today's dollars, based on the 844.30% change in prices:

Conversion: 1965 dollars today
Initial valueEquivalent value
\$1 dollar in 1965\$9.44 dollars today
\$5 dollars in 1965\$47.22 dollars today
\$10 dollars in 1965\$94.43 dollars today
\$50 dollars in 1965\$472.15 dollars today
\$100 dollars in 1965\$944.30 dollars today
\$500 dollars in 1965\$4,721.51 dollars today
\$1,000 dollars in 1965\$9,443.01 dollars today
\$5,000 dollars in 1965\$47,215.06 dollars today
\$10,000 dollars in 1965\$94,430.13 dollars today
\$50,000 dollars in 1965\$472,150.64 dollars today
\$100,000 dollars in 1965\$944,301.29 dollars today
\$500,000 dollars in 1965\$4,721,506.44 dollars today
\$1,000,000 dollars in 1965\$9,443,012.88 dollars today

How to calculate inflation rate for \$100 since 1965

Our calculations use the following inflation rate formula to calculate the change in value between 1965 and today:

CPI today CPI in 1965
×
=
Today's value

Then plug in historical CPI values. The Canadian CPI was 16.81666667 in the year 1965 and 158.8 in 2024:

158.816.81666667
×
\$100
=
\$944.30

\$100 in 1965 has the same "purchasing power" or "buying power" as \$944.30 in 2024.

To get the total inflation rate for the 59 years between 1965 and 2024, we use the following formula:

CPI in 2024 - CPI in 1965CPI in 1965
×
100
=
Cumulative inflation rate (59 years)

Plugging in the values to this equation, we get:

158.8 - 16.8166666716.81666667
×
100
=
844%

Data source & citation

Raw data for these calculations comes from the government of Canada's annual Consumer Price Index (CPI), established in 1914 and computed by Statistics Canada (StatCan).

You may use the following MLA citation for this page: “Value of 1965 Canadian dollars today | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 12 Jul. 2024, https://www.officialdata.org/canada/inflation/1965.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.

in2013dollars.com is a reference website maintained by the Official Data Foundation.