Up until 1966 the Canadian Mint used 80% actual silver in it's composition of the dollar coin, in 1967 this value changed to 50% actual silver and half way through 1968 they stopped making 'silver dollar coins' with actual silver altogether, they fact is that today a Canadian dollar coins is actually made up of 91.5% nickel and 8.5% bronze.
Jan 02, 2021 · Up until 1967, Canadian dollar coins were composed of .6 troy ounces of 80 percent silver. That year, the Royal Canadian Mint began to produce circulation coins with only 50 percent silver, though they appeared identical to 80% Silver Dollars from decades prior. In 1971, the mint started to produce 50% Silver Dollars.
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Dec 12, 2020 · Why a dollar today is worth only 56% of a dollar in 1989 Updated: December 12, 2020. $100 in 1989 is equivalent in purchasing power to about $179.24 today, an increase of $79.24 over 31 years. The dollar had an average inflation rate of 1.90% per year between 1989 and today, producing a cumulative price increase of 79.24%.
1989 Canadian Dollar (CAD) = 1566.30206 US Dollar (USD) CAD To USD Exchange Rates RSS Feed. Exchange Rates Updated: 10/Jan/21 15:16 UTC. Full history please visit CAD/USD Currency Exchange History