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BMO Bank of Montreal

June 03, 2012 07:00 ET

REPEAT-Queen's Diamond Jubilee: BMO Takes a Look at What a Difference 60 Years Makes

TORONTO, ONTARIO--(Marketwire - June 3, 2012) - As several countries, including Canada, celebrate the Queen's Diamond Jubilee marking 60 years of the Queen's reign, BMO Financial Group takes a look at how key financial and economic indicators have changed over the past six decades, from the early 1950s to today.

"There has been a tremendous amount of change since 1952, including a rapid transformation of the global markets," said Paul Taylor, Chief Investment Officer, BMO Harris Private Banking and BMO Global Asset Management. "More recently, while many countries have faced significant challenges, Canada has emerged as an economic leader and is in a strong fiscal position relative to our global peers."

Then and now. A comparative look back:

Item Early 1950s Present Day Percentage
Difference
Inflation $1 CAD in 1952 is worth $8.62 CAD in 2012 n/a
Canadian GDP per capita $7047 $38,065 440 %
Canadian loonie vs. US greenback 1 CAD = 1.02 USD 1 CAD = 0.95 USD - 6.8 %
Dow Jones Industrial Average 269.86
(January 2, 1952
) 12,397.38
(January 3, 2012
) 4494
%
Tax rate (federal) 35.1 % 37.6 % 2.5 %
Cost of a barrel of oil $2.77 $90.86 3180 %
Cost of an ounce of gold $34.60 $1,590 4475 %
Average cost of a home: Toronto $14,424 $464,000 3117 %
Average cost of a home: Vancouver $11,100 $752,000 6675 %
Average cost of a home: Montreal $14,500 $311,000 2045 %
Average university tuition (annual) $450 $5,366 1092 %
Average cost of a car $1,510 $30,748 1936 %

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