The new Canadian pound was equal to four US dollars ( 92.88 grains gold ) , making one pound sterling equal to 1 pound , 4 shillings , and 4 pence Canadian .
In 1841 , the Province of Canada adopted a new system based on the Halifax rating .
The new Province of Canada pound was equal to four US dollars ( 92.88 grains gold ) , making one pound sterling equal to 1 pound , 4 shillings , and 4 pence Province of Canada .
In 1841 , the Province of Canada adopted a new system based on the Halifax rating .