Independent
Canadian dollarThe Province of Canada declared that all accounts would be kept in dollars and cents as of , and ordered the issue of the first official Canadian coins in the same year. The dollar was pegged at par with
the U.S. dollar, on a gold standard of $1 = 23.22
grains (1.505 g) of gold.The colonies that came together in the
Canadian Confederation progressively adopted a decimal system over the next few years.
New Brunswick,
British Columbia and
Prince Edward Island adopted dollars equivalent to the Canadian dollar (see
New Brunswick dollar,
British Columbia dollar and
Prince Edward Island dollar). However,
Nova Scotia and
Newfoundland did not adopt the same dollar (see
Nova Scotian dollar and
Newfoundland dollar). Nova Scotia retained its own currency until 1871, but Newfoundland issued its own currency until joining Confederation in 1949, although the value of the Newfoundland
dollar was adjusted in
1895 to make it equal to the
Canadian dollar.
Independent Canadian dollarThe Province of Canada declared that all accounts would be kept in dollars and cents as of , and ordered the issue of the first official Canadian coins in the same year. The dollar was pegged at par with the U.S. dollar, on a gold standard of $1 = 23.22 grains (1.505 g) of gold.The colonies that came together in the Canadian Confederation progressively adopted a decimal system over the next few years. New Brunswick, British Columbia and Prince Edward Island adopted dollars equivalent to the Canadian dollar (see New Brunswick dollar, British Columbia dollar and Prince Edward Island dollar). However, Nova Scotia and Newfoundland did not adopt the same dollar (see Nova Scotian dollar and Newfoundland dollar). Nova Scotia retained its own currency until 1871, but Newfoundland issued its own currency until joining Confederation in 1949, although the value of the Newfoundland dollar was adjusted in 1895 to make it equal to the Canadian dollar.
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