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Chained dollars is a method of adjusting real dollar amounts for inflation over time, to allow the comparison of figures from different years. [1] The U.S. Department of Commerce introduced the chained-dollar measure in 1996. It generally reflects dollar figures computed with 2012 as the base year. [2]
Inflation in the value of the Canadian dollar has been fairly low since the 1990s. In 2007 the Canadian dollar rebounded, soaring 23% in value. [38] On September 28, 2007, the Canadian dollar closed above the U.S. dollar for the first time in 30 years, at US$1.0052. [43]
The Canadian dollar strengthened against its U.S. counterpart on Friday as investors cheered U.S. inflation data, with the loonie paring its weekly decline after it was pressured by a more hawkish ...
The Canadian dollar strengthened 0.1% to 1.40 per U.S. dollar, or 71.43 U.S. cents, after moving in a range of 1.3981 to 1.4045. ... The U.S. dollar weakened on Friday against a basket of major ...
Between 2018 and 2024, the administration recorded the seven highest years of per-person spending in Canada's history. By 2024, inflation-adjusted spending per person, excluding debt interest costs, reached $11,856, exceeding the 2007-09 financial crisis spending by 10.2% and World War II peak spending by 28.7%. [11]
The Canadian dollar weakened to nearly a five-year low against its U.S. counterpart on Tuesday, hurt by domestic political unrest as well as a wider gap between Canadian and U.S. bond yields after ...
The template supports inflation calculation, by way of {}. If the second parameter is used, to specify a year, and this year is within a certain range of available inflation data (specifically, if 1688 ≤ year < 2023), the equivalent value represented in 2023 dollars will be calculated in parentheses. However, this function should only be used ...
Consumer prices rose 6.7 per cent in March from the year before, says Statistics Canada.