The Bank of Canada has announced that they are redesigning the $5 bill and they want our input! Bank of Canada governor Stephen Poloz was in Vancouver speaking to a business audience when he announced the revamp. More details will be released at the end of the month.
Currently, Sir Wilfrid Laurier, Canada’s 7th prime minister (and first francophone prime minister), who governed from 1896 to 1911, is featured on the $5 note.
In 2019, the Bank of Canada released the redesigned $10 bill which featured civil rights activist Viola Desmond, the first named woman, other Queen Elizabeth II, to be on our money. The bill won an international prize for its design, our first vertical bill.
Stephen Poloz told the business audience: “This time we will be asking all Canadians to nominate any historic Canadian — someone who is truly banknote-able.”