The pound was the unit of account for currency of the Canadas until 1858. It was subdivided into 20 shillings, each of 12 pence. In Lower Canada, the sou was used, worth ½ penny. Although the pounds, shillings, and pence accounting system had its origins in British sterling, the Canadian pound was not actually equal in value to the Pound sterling during the period of its existence.
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- The pound was the unit of account for currency of the Canadas until 1858. It was subdivided into 20 shillings, each of 12 pence. In Lower Canada, the sou was used, worth ½ penny. Although the pounds, shillings, and pence accounting system had its origins in British sterling, the Canadian pound was not actually equal in value to the Pound sterling during the period of its existence.
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- The pound was the unit of account for currency of the Canadas until 1858. It was subdivided into 20 shillings, each of 12 pence. In Lower Canada, the sou was used, worth ½ penny. Although the pounds, shillings, and pence accounting system had its origins in British sterling, the Canadian pound was not actually equal in value to the Pound sterling during the period of its existence.
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