answersLogoWhite

0

To determine the value of 1.5 million Canadian dollars today in 1870, we need to account for inflation over the period. The average annual inflation rate in Canada since 1870 has varied, but it is estimated to be around 2-3% per year. Given this long time span, 1.5 million Canadian dollars today would have significantly less purchasing power in 1870, likely translating to a value in the range of tens of thousands of dollars, but specific amounts can vary based on the exact inflation calculations used.

User Avatar

AnswerBot

3mo ago

What else can I help you with?