I usually talk about currency from the “the quality or state of being current” perspective. Today, I used the Bank of Canada Currency Converter to look at the exchange rate which leads me to today’s tip that deals with another definition of currency:
Look to the Bank of Canada site for money issues.
- The Currency Converter offers exchange rates, current and historical.
- The Inflation Calculator is an excellent tool to determine what the present day value of a monetary award from a past decision is equivalent to in today’s dollars
- Canadian interest rates are available using a 10 year lookup tool
For those of you who keep track of the prime business rate for the purposes of calculating interest under the Northwest Territories Judicature Act, s.56(2), the latest interest rate is 3%.
Happy New Year!