In 1841, the Province of Canada adopted a new system based on the Halifax rating. The new Canadian pound was equal to four US dollars (92.88 grains gold), making £1 sterling equal to £1.4s.4d. Canadian. Thus, the new Canadian pound was worth 16 shillings and 5.3 pence sterling.
In 1841 the Province of Canada adopted a new system based on the Halifax rating The new Canadian pound was equal to four US dollars (9288 grains gold) making £1 sterling equal to £14s4d Canadian Thus the new Canadian pound was worth 16 shillings and 53 pence sterling