By the time Diefenbaker called an election for June 18, 1962, the party had been damaged by loss of support in Quebec and in urban areas as voters grew disillusioned with Diefenbaker and the Tories. The PC campaign was hurt when the Bank of Canada was forced to devalue the Canadian dollar to  US cents; it had previously hovered in the range from 95 cents to par with the United States dollar. Privately printed satirical "Diefenbucks" swept the country. On election day, the Progressive Conservatives lost 92 seats, but were still able to form a minority government. The New Democratic Party (the successor to the CCF) and Social Credit held the balance of power in the new Parliament.