Canadian pound

Canadian pound
1 penny (2 sous) bank token (1837)
Unit
Pluralpounds
Symbol£
Denominations
Subunit
120shilling
1240penny
1480sou
Plural
shillingshillings
pennypence
sousous
Symbol
shillings or /–
pennyd
Demographics
Date of introduction1841
Date of withdrawal1858
Replaced byCanadian dollar
User(s)Province of Canada
Valuation
Value£1 = $4
This infobox shows the latest status before this currency was rendered obsolete.

The pound (symbol £) was the currency of the Canadas until 1858. It was subdivided into 20 shillings (s), each of 12 pence (d). In Lower Canada, the sou was used, equivalent to a halfpenny. Although the £sd accounting system had its origins in sterling, the Canadian pound was never at par with sterling's pound.