How much would 1 Canadian dollar in 1987 be worth today?

To determine the value of 1 Canadian dollar in 1987 in today's terms, you would need to consider inflation rates over the years. The inflation rate in Canada from 1987 to 2023 averages around 2-3% per year. Using a cumulative inflation calculator, 1 Canadian dollar in 1987 would be worth approximately 2.20 to 2.50 Canadian dollars today, reflecting the decrease in purchasing power over time.