-
Inflation rates up 10.2% in 1980
-
Opening of the Currency Museum
The currency museum is a museum in Ottawa where you can find over 100,000 currency-related objects such as coins, cash registers, and examples of counterfeit money from around the world. -
The Canadian Payments Association
The Canadian Payments Association is a public-purpose organization with the goal to ensure that all financial transactions are done safely and securely. -
Period: to
1980-1999
-
Period: to
1980 Recession
The recession of 1980 was the worst recession in Canadian history since World War II. The Canadian economy was weaker than ever. With low GDP growth of 2.1%, the country had higher inflation, interest rates, and unemployment than the United States during the recession. -
Inflation rates up 12.5% in 1981
-
Failure of the Canadian Commercial Bank
The Canadian Commercial Bank (CBB) was a bank in Alberta founded in 1976. It failed in 1985 due to investing heavily in real estate and energy sector companies. -
Inflation rates down 10.8% in 1982
-
Inflation rates down 5.8% in 1983
-
Failure of Northland Bank
The Northland Bank was a bank founded in Alberta in 1974. The government of Canada closed the bank in 1985 shortly after its failure -
The first loonies
The first loonies were minted in 1987 replacing the paper dollar -
The first toonies
The first toonies ($2) were made in 1996 replacing the two-dollar bill.