 But the Canadian dollar fell sharply after 1960 before it was again pegged in 1962 at C$1.00 = US$0.925.This was sometimes pejoratively referred to as the "Diefenbuck" or the "Diefendollar", after the then Prime Minister, John Diefenbaker.This peg lasted until 1970, with the currency's value being floated since then.