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In 2023, it was reported that Laurier will stay on the five-dollar bill for some time. [10] On December 16, 2024, it was announced that the image of Terry Fox would be replacing Laurier's image on the next edition of the $5 banknote, with an image of Laurier being used for the $50 note when a new design of that note is implemented. [11]
In January 2020, the Bank of Canada confirmed it would begin soliciting suggestions for the historic Canadian who would replace Wilfrid Laurier on the $5 note. [3] The Bank of Canada released a shortlist of candidates under consideration for the bill in November 2020 which included figures such as Pitseolak Ashoona, Won Alexander Cumyow, Terry Fox, and others. [4]
On 6 May 2023, Prime Minister Justin Trudeau announced that the $20 bill would be updated to feature the new king, Charles III. [1] On December 16, 2024, it was announced that Terry Fox would be featured on the next edition of the $5 banknote, and that Wilfrid Laurier would instead be featured on the next $50 note.
On December 16, 2024, it was announced that the image of Wilfrid Laurier would be used for the next $50 banknote design and that Terry Fox's image would replace his on the $5 note. There was no announcement about King's image being used on a different note. [2] As on all modern Canadian banknotes, all text is written in both English and French.
Grants from the Terry Fox Foundation, which organizes the runs, have helped Canadian scientists make numerous advances in cancer research. [100] The Terry Fox Run is the world's largest one-day fundraiser for cancer research, [101] and over $850 million has been raised in his name as of May 2022. [102]
Fox is one of eight candidate finalists for having his portrait on the future $5 polymer banknotes in Canada. [4] He is shown in the 2013 rendering of the Canadian passport. [5] Birudojin 21:50, 17 December 2024 (UTC) Already done Text updated by another user (not identical to the above, but makes clear that Fox will be on the 5).
Challenging racial segregation at a cinema in New Glasgow, Nova Scotia in 1946 $10 Obverse 2018 Elizabeth II*§ 1926–2022 Queen of Canada (1952–2022) $20 Obverse 2012 William Lyon Mackenzie King* 1874–1950 10th Prime Minister of Canada (1921–1926, 1926–1930 and 1935–1948) $50 Obverse 2012 Robert Borden* 1854–1937
The primary impetus for the new banknotes was "the need to stay ahead of counterfeiters". [2] [3] By 2002, 10% of retailers in some parts of Canada refused to accept the $100 banknotes of the 1986 Birds of Canada series in financial transactions, [4] and by 2004, the counterfeit ratio for Canadian currency had risen to 470 parts per million (ppm). [5]