Scenes Of Canada
   HOME

TheInfoList



OR:

Scenes of Canada is the fourth series of
banknotes of the Canadian dollar Banknotes of the Canadian dollar are the banknotes or bills (in common lexicon) of Canada, denominated in Canadian dollars (CAD, C$, or $ locally). Currently, they are issued in $5, $10, $20, $50, and $100 denominations. All current notes are is ...
issued by the
Bank of Canada The Bank of Canada (BoC; ) is a Crown corporations of Canada, Crown corporation and Canada's central bank. Chartered in 1934 under the ''Bank of Canada Act'', it is responsible for formulating Canada's monetary policy,OECD. OECD Economic Surve ...
. It was first circulated in 1970 to succeed the 1954 Canadian Landscape series and was followed by the 1986 Birds of Canada banknote series. This was the last series to feature a $1 bill, which was replaced by a $1 coin known as the ''
loonie The loonie (), formally the Canadian one-dollar coin, is a gold-coloured Canadian coin that was introduced in 1987 and is produced by the Royal Canadian Mint at its facility in Winnipeg. The most prevalent versions of the coin show a common ...
'' in 1987, although both the $1 bill and the loonie were produced concurrently for 21 months, from June 1987 to April 1989.


Design

The design process for this series began in 1963 with a primary goal of creating banknotes that were more counterfeit-resistant than the 1954 Canadian Landscape series it was to replace. The Bank of Canada requested design submissions from
security printing Security printing is the field of the printing industry that deals with the printing of items such as banknotes, cheques, passports, tamper-evident labels, security tapes, product authentication, stock certificates, postage stamps, and identity c ...
companies, receiving several from both domestic and foreign companies. One proposed design was received from Organisation Giori, a Swiss security printer based in
Lausanne Lausanne ( , ; ; ) is the capital and largest List of towns in Switzerland, city of the Swiss French-speaking Cantons of Switzerland, canton of Vaud, in Switzerland. It is a hilly city situated on the shores of Lake Geneva, about halfway bet ...
that had developed a multicolour printing press "that raised the bar on banknote security". Its designs for the $10 and $20 banknotes were a "significant departure" from traditional Canadian banknote designs by incorporating more colours, new graphic elements, and different security features, but the design was rejected. Final conceptual designs were created by
Canadian Bank Note Company The Canadian Bank Note Company (CBNC) is a Canadian security printing company. It is best known for holding the contract with the Bank of Canada to supply it with Canada's banknotes since 1935. The company's other clients include private busine ...
, British American Bank Note Company, and
De La Rue De La Rue plc (, ) is a British company headquartered in Basingstoke, England, that produces secure digital and physical protections for goods, trade, and identities in 140 countries. It sells to governments, central banks, and businesses. Its ...
, the latter being the first foreign firm involved in the design of Canadian banknotes. The design by De La Rue was selected by the Bank of Canada in 1964 as the basis for the new series. Each denomination retained the dominant colour of the respective banknote from the Canadian Landscape series: green for the $1 banknote, orange (terracotta) for the $2 banknote, blue for the $5 banknote, mauve (purple) for the $10 banknote, burnt orange (red) for the $50 banknote, and brown for the $100 banknote. Because of the multicoloured tints used to complement the design for each banknote, Bank of Canada staff began referring to the series as the "multicoloured series". The portraits on the obverse of each denomination were larger than for the same denomination in the Canadian Landscape series. Initially, all denominations were to feature the portrait of
Elizabeth II Elizabeth II (Elizabeth Alexandra Mary; 21 April 19268 September 2022) was Queen of the United Kingdom and other Commonwealth realms from 6 February 1952 until Death and state funeral of Elizabeth II, her death in 2022. ...
, but portraits of former prime ministers were used for some denominations at the request of
Edgar Benson Edgar John "Ben" Benson (May 28, 1923 – September 2, 2011) was a Canadian politician, businessman, diplomat, and university professor. He held four cabinet posts, most notably that of Minister of Finance under Pierre Trudeau, where he was ...
, the
Minister of Finance A ministry of finance is a ministry or other government agency in charge of government finance, fiscal policy, and financial regulation. It is headed by a finance minister, an executive or cabinet position . A ministry of finance's portfolio ...
in 1968, to "reflect Canada's burgeoning national identity". The vertical borders of the obverse were curvilinear, the left edge of which had "multicoloured diamonds" bordering a circular frame within which was the
Coat of Arms A coat of arms is a heraldry, heraldic communication design, visual design on an escutcheon (heraldry), escutcheon (i.e., shield), surcoat, or tabard (the last two being outer garments), originating in Europe. The coat of arms on an escutcheon f ...
. It also featured "sweeping guilloché" patterns. The reverse of each denomination had a scenic vignette. The initial design by De La Rue included a circular watermark that was excluded from the final design. A
memorandum A memorandum (: memorandums or memoranda; from the Latin ''memorandum'', "(that) which is to be remembered"), also known as a briefing note, is a Writing, written message that is typically used in a professional setting. Commonly abbreviation, ...
circulated to designers during the design process stated that the "subjects chosen represent a substantial improvement in range of contrast and detail", to improve security. The phrase "will pay to the bearer on demand" that appeared in earlier banknote series was replaced by the phrase "this note is legal tender", reflecting the fact that Canadian banknotes had long since ceased to be redeemable in gold.


Security

Colourful, wavy patterns were part of each denomination's design. The serial numbers on the obverse were printed in red on the left and blue on the right. In addition, this is the first series that has interleaving position of English and
French French may refer to: * Something of, from, or related to France ** French language, which originated in France ** French people, a nation and ethnic group ** French cuisine, cooking traditions and practices Arts and media * The French (band), ...
text. The interleaving nature is by text on the same side, as well as by denomination. The following table is a complete representation of all positions of English texts on all denominations.


Banknotes

The dates stamped on the banknotes represent the year in which the original intaglio plates were produced for that denomination. The most prominent designer for this series was C. Gordon Yorke, who engraved the portraits of
Robert Borden Sir Robert Laird Borden (June 26, 1854 – June 10, 1937) was a Canadian lawyer and Conservative Party of Canada (1867–1942), Conservative politician who served as the eighth prime minister of Canada from 1911 to 1920. He is best known ...
and
Wilfrid Laurier Sir Henri Charles Wilfrid Laurier (November 20, 1841 – February 17, 1919) was a Canadian lawyer, statesman, and Liberal politician who served as the seventh prime minister of Canada from 1896 to 1911. The first French Canadians, French ...
and the vignettes for four of the seven denominations. The series was the first Bank of Canada series not to include a $1,000 note; the Canadian Landscape design of this bill continued to be printed during this series's run, with an updated $1,000 note appearing in the Birds of Canada series in 1992. All notes measure 152.4 × 69.85 mm (6 × 2¾ inches).


$1 note

The original design for the $1 banknote used green as the dominant colour, but final designs used black to mitigate possible confusion with the $20 banknote. The portrait on the obverse is of
Elizabeth II Elizabeth II (Elizabeth Alexandra Mary; 21 April 19268 September 2022) was Queen of the United Kingdom and other Commonwealth realms from 6 February 1952 until Death and state funeral of Elizabeth II, her death in 2022. ...
, the engraving for which was created by George Gunderson, master engraver at British American Bank Note Company. A
tugboat A tugboat or tug is a marine vessel that manoeuvres other vessels by pushing or pulling them, with direct contact or a tow line. These boats typically tug ships in circumstances where they cannot or should not move under their own power, suc ...
is prominent in the foreground of the vignette on the reverse, which depicts the
Ottawa River The Ottawa River (, ) is a river in the Canadian provinces of Ontario and Quebec. It is named after the Algonquin word "to trade", as it was the major trade route of Eastern Canada at the time. For most of its length, it defines the border betw ...
with a broken
log boom A log boom (sometimes called a log fence or log bag) is a barrier placed in a river, designed to collect and or contain floating logs timbered from nearby forests. The term is also used as a place where logs were collected into booms, as at th ...
with
Parliament Hill Parliament Hill (), colloquially known as The Hill, is an area of Crown land on the southern bank of the Ottawa River that houses the Parliament of Canada in downtown Ottawa, Ontario. It accommodates a suite of Gothic revival buildings whose ...
in the background. It was engraved by Yorke based on a 1963 photograph taken by
Malak Karsh Malak Karsh, MPA. (March 1, 1915 – November 8, 2001) was a Canadian photographer known for his photographs of Canada and the Ottawa region. Career Born in Mardin, Ottoman Empire, a few months before the Armenian genocide, he emigrated to Can ...
. The banknote was first circulated in June 1974 and was printed by both CBN and BABN. The final print run for the banknote was on 20 April 1989, two years after the $1 coin had been introduced. The run was circulated by the end of June 1989, after which banks were required to refrain from circulating the banknotes and to send collected $1 banknotes to the
Bank of Canada The Bank of Canada (BoC; ) is a Crown corporations of Canada, Crown corporation and Canada's central bank. Chartered in 1934 under the ''Bank of Canada Act'', it is responsible for formulating Canada's monetary policy,OECD. OECD Economic Surve ...
for destruction.


$2 note

The portrait on the obverse is of Elizabeth II. The reverse of the $2 banknote features a scene of six men of an Inuit family preparing their
kayak ] A kayak is a small, narrow human-powered watercraft typically propelled by means of a long, double-bladed paddle. The word ''kayak'' originates from the Inuktitut word '' qajaq'' (). In British English, the kayak is also considered to be ...
s for a hunt, based on a 1950s photograph of Joseph Idlout and his relatives taken at
Pond Inlet Pond Inlet () is a small, predominantly Inuit community in the Qikiqtaaluk Region of Nunavut, Canada, located on northern Baffin Island. To the Inuit the name of the place "is and always has been Mittimatalik." The Scottish explorer John Ross (R ...
in
Baffin Island Baffin Island (formerly Baffin Land), in the Canadian territory of Nunavut, is the largest island in Canada, the second-largest island in the Americas (behind Greenland), and the fifth-largest island in the world. Its area is (slightly smal ...
by Douglas Wilkinson. It was engraved by Yorke, and was originally intended to be used on the reverse of the $100 banknote. The $2 banknote was first circulated in August 1975 and was printed by BABN.


$5 note

The portrait on the obverse is of
Wilfrid Laurier Sir Henri Charles Wilfrid Laurier (November 20, 1841 – February 17, 1919) was a Canadian lawyer, statesman, and Liberal politician who served as the seventh prime minister of Canada from 1896 to 1911. The first French Canadians, French ...
, the engraving for which was created by Yorke. The vignette on the reverse was based on a photograph by George Hunter and engraved by George Gunderson and Yorke. It depicts a salmon seiner in the
Johnstone Strait Johnstone Strait () is a channel along the north east coast of Vancouver Island in British Columbia, Canada. Opposite the Vancouver Island coast, running north to south, are Hanson Island, West Cracroft Island, the mainland British Columbia C ...
, a channel along the northeast coast of
Vancouver Island Vancouver Island is an island in the northeastern Pacific Ocean and part of the Canadian province of British Columbia. The island is in length, in width at its widest point, and in total area, while are of land. The island is the largest ...
. The $5 banknote was first circulated in December 1972 and was printed by CBN. An updated version was issued in 1979, for which the serial numbers were moved to the bottom centre of the reverse and the central obverse guilloché was modified.


$10 note

The portrait on the obverse is of
John A. Macdonald Sir John Alexander Macdonald (10 or 11January 18156June 1891) was the first prime minister of Canada, serving from 1867 to 1873 and from 1878 until his death in 1891. He was the dominant figure of Canadian Confederation, and had a political ...
, for which the engraving was created by Gunderson. A scene depicting the operations of Polymer Corporation in
Sarnia Sarnia is a city in Lambton County, Ontario, Canada. It had a Canada 2021 Census, 2021 population of 72,047, and is the largest city on Lake Huron. Sarnia is located on the eastern bank of the junction between the Upper and Lower Great Lakes, ...
, Ontario is on the reverse, chosen because the
Crown corporation Crown corporation () is the term used in Canada for organizations that are structured like private companies, but are directly and wholly owned by the government. Crown corporations have a long-standing presence in the country, and have a sign ...
had "achieved a world-wide reputation" and the image "provided detail ideally suited to engraving", according to a Bank of Canada memorandum. The engraving was made by De La Rue based on a photograph taken by Hunter. The $10 banknote was first circulated in November 1971 and was printed by CBN.


$20 note

The portrait on the obverse is of Elizabeth II. The reverse depicts a scene of the
Canadian Rockies The Canadian Rockies () or Canadian Rocky Mountains, comprising both the Alberta Rockies and the British Columbian Rockies, is the Canadian segment of the North American Rocky Mountains. It is the easternmost part of the Canadian Cordillera, w ...
, specifically
Moraine Lake Moraine Lake is a snow and glacially fed alpine lake in Banff National Park, outside the village of Lake Louise, Alberta, Canada. It is situated in the Valley of the Ten Peaks, at an elevation of approximately . The lake has a surface area of ...
in the
Valley of the Ten Peaks Valley of the Ten Peaks () is a valley in Banff National Park in Alberta, Canada, which is crowned by ten notable peaks and also includes Moraine Lake. The valley can be reached by following the Moraine Lake road near Lake Louise. The ten peaks ...
, based on a photograph from the
Canadian Pacific Railway The Canadian Pacific Railway () , also known simply as CPR or Canadian Pacific and formerly as CP Rail (1968–1996), is a Canadian Class I railway incorporated in 1881. The railway is owned by Canadian Pacific Kansas City, Canadian Pacific Ka ...
archives taken by Nicholas Morant. The original engraving for the reverse was prepared by De La Rue, but because the mountains "did not seem authentic", an engraving prepared by BABN was used instead. It was unveiled at a
press conference A press conference, also called news conference or press briefing, is a media event in which notable individuals or organizations invite journalism, journalists to hear them speak and ask questions. Press conferences are often held by politicia ...
by the Bank of Canada on 18 June 1970, and released into circulation four days later. It was printed by CBN and BABN. An updated version was issued in December 1978 (dated 1979), for which the serial numbers were moved to the bottom centre of the reverse, the central obverse design was modified, and the secondary colours were more strongly emphasized to further differentiate the $20 banknote from the $1 banknote. It was both the first and last of the Scenes of Canada banknotes to be printed, with the final printings taking place in 1993, seven years after the Birds of Canada series of banknotes had been introduced.


$50 note

The portrait on the obverse is of
William Lyon Mackenzie King William Lyon Mackenzie King (December 17, 1874 – July 22, 1950) was a Canadian statesman and politician who was the tenth prime minister of Canada for three non-consecutive terms from 1921 to 1926, 1926 to 1930, and 1935 to 1948. A Liberal ...
, based on a photograph by Karsh and engraved by Gunderson. The reverse depicts a dome formation from the Musical Ride of the
Royal Canadian Mounted Police The Royal Canadian Mounted Police (RCMP; , GRC) is the Law enforcement in Canada, national police service of Canada. The RCMP is an agency of the Government of Canada; it also provides police services under contract to 11 Provinces and terri ...
(RCMP)."Mountie Money", Christopher Boyer, p. 35, Numismatist, Volume 118, Number 9, September 2005 The vignette was suggested by Sterling Suggett, a researcher and banknote designer employed by the Bank of Canada, to honour the RCMP's centennial in 1973 and was based on a photograph taken by Donald K. Guerrette. The image made this banknote the most popular of the series. Originally, the vignette was to depict a frozen lake based on a photograph taken near
Sudbury, Ontario Sudbury, officially the City of Greater Sudbury, is the largest city in Northern Ontario by population, with a population of 166,004 at the 2021 Canadian Census. By land area, it is the largest in Ontario and the List of the largest cities and t ...
, but it was rejected because the orange ink had a limited tonal range. A photograph from a
National Ballet of Canada The National Ballet of Canada is a Canadian ballet company that was founded in 1951 in Toronto, Ontario, with Celia Franca, the first artistic director. A company of 70 dancers with its own orchestra, the National Ballet has been led since 2022 ...
performance of
Swan Lake ''Swan Lake'' ( rus, Лебеди́ное о́зеро, r=Lebedínoje ózero, p=lʲɪbʲɪˈdʲinəjə ˈozʲɪrə, links=no ), Op. 20, is a ballet composed by Russian composer Pyotr Ilyich Tchaikovsky in 1875–76. Despite its initial failu ...
that had been proposed for the $1,000 banknote was chosen instead as the well-proportioned scene provided "an opportunity for truly virtuoso engraving". A proof engraving was prepared by George Gunderson using slate grey as the dominant colour, but disappointed with the result suggested using "a shade between orchid and claret". This led to the change to the Musical Ride image. The banknote's colouration was to be the same as that of the $50 banknote of the 1954 Series, but because the Bank of Canada discontinued using the heavy metal required to make the "traditional brilliant orange tint" ink, the colour was thus changed to red. The banknote was first circulated in March 1975 and printed by CBN.


$100 note

The portrait on the obverse is of
Robert Borden Sir Robert Laird Borden (June 26, 1854 – June 10, 1937) was a Canadian lawyer and Conservative Party of Canada (1867–1942), Conservative politician who served as the eighth prime minister of Canada from 1911 to 1920. He is best known ...
, for which the engraving was prepared by Yorke. The vignette on the reverse is of the harbour at Lunenburg in
Nova Scotia Nova Scotia is a Provinces and territories of Canada, province of Canada, located on its east coast. It is one of the three Maritime Canada, Maritime provinces and Population of Canada by province and territory, most populous province in Atlan ...
, based on a photograph taken by G. Hedley Doty of the Nova Scotia Information Service and engraved by Yorke. It was printed by BABN, first circulated in May 1976, and was the last of the Scenes of Canada series banknotes to be introduced.


Production

The banknote printers had to buy new equipment to be able to print the banknotes for this series. Originally, the obverse was printed with one intaglio plate and three lithographic plates and the reverse was printed with one intaglio plate and two lithographic plates, except for the $50 banknote, for which an intaglio plate was not used. In 1984, the Bank of Canada changed the printing process used for printing the reverse of each banknote, using only lithography instead of the steel engraving and lithography that had been previously used, and continued to be used for the obverse This resulted in a smoother reverse and "slightly sharper" obverse. In 1979, the design of the $5 and the $20 was modified and the printing process updated to enable automated processing of the banknotes using machines.


Printing

Each printing of the banknote series is signed by the Governor of the Bank of Canada and the deputy governor.


Counterfeiting

Offset printing Offset printing is a common printing technique in which the inked image is transferred (or "offset") from a plate to a rubber blanket and then to the printing surface. When used in combination with the lithography, lithographic process, which ...
could not accurately reproduce the range of tints complementing the dominant colour of the banknotes, resulting in a dramatic reduction of counterfeits in circulation. The counterfeit ratio remained very low from 1977 to 1990. In October 1984, counterfeit $20 banknotes deemed to be of "good quality" were found circulating in
Niagara Falls Niagara Falls is a group of three waterfalls at the southern end of Niagara Gorge, spanning the Canada–United States border, border between the Provinces and territories of Canada, province of Ontario in Canada and the state of New York (s ...
, leading to the confiscation of counterfeit banknotes with a face value of $2.2 million. In 2007,
counterfeit A counterfeit is a fake or unauthorized replica of a genuine product, such as money, documents, designer items, or other valuable goods. Counterfeiting generally involves creating an imitation of a genuine item that closely resembles the original ...
$100 banknotes were found circulating in Regina and
Moose Jaw Moose Jaw is the List of cities in Saskatchewan, fourth largest city in Saskatchewan, Canada. Lying on the Moose Jaw River in the south-central part of the province, it is situated on the Trans-Canada Highway, west of Regina, Saskatchewan, Re ...
,
Saskatchewan Saskatchewan is a Provinces and territories of Canada, province in Western Canada. It is bordered on the west by Alberta, on the north by the Northwest Territories, on the east by Manitoba, to the northeast by Nunavut, and to the south by the ...
. These lacked the fine line details present in the genuine banknotes, and had a different texture. In 2012, counterfeit $50 banknotes were found circulating in parts of
Nova Scotia Nova Scotia is a Provinces and territories of Canada, province of Canada, located on its east coast. It is one of the three Maritime Canada, Maritime provinces and Population of Canada by province and territory, most populous province in Atlan ...
. Banknotes from this series (and all prior to the 2011 polymer series) are now considered unfit for circulation due to their lacking of modern security features like that of a metallic stripe. Financial institutions must return the banknotes to the Bank of Canada, which will destroy them. Individuals may keep the banknotes indefinitely.


Collecting

By 1989, the Bank of Canada had sold over 50,000 uncut sheets of the $1 banknote, each containing 40 notes with sequential serial numbers. It earned over $3 million in revenue from the sale of uncut sheets of the $1 banknote.


Legacy

When first issued into circulation, there were about 370 million banknotes in circulation from the 1954 Series, 1937 Series, and 1935 Series, having a total face value of about $3.4 billion. With the release of the first banknote in June 1970, newspaper articles began referring to the banknote series as "multicoloured money" and the "rainbow series", and stating that multicoloured banknotes were returning to Canada since the
Bank of Canada The Bank of Canada (BoC; ) is a Crown corporations of Canada, Crown corporation and Canada's central bank. Chartered in 1934 under the ''Bank of Canada Act'', it is responsible for formulating Canada's monetary policy,OECD. OECD Economic Surve ...
had assumed the role as the country's only banknote supplier in 1935. Some retailers did not believe that the $20, the first banknote of the series issued into circulation, was real currency. Because of wearing from use, the average banknote had a life expectancy of between nine and twelve months before being withdrawn from circulation. In June 1987, the
Bank of Canada The Bank of Canada (BoC; ) is a Crown corporations of Canada, Crown corporation and Canada's central bank. Chartered in 1934 under the ''Bank of Canada Act'', it is responsible for formulating Canada's monetary policy,OECD. OECD Economic Surve ...
announced that the $1 banknote would be replaced by the
loonie The loonie (), formally the Canadian one-dollar coin, is a gold-coloured Canadian coin that was introduced in 1987 and is produced by the Royal Canadian Mint at its facility in Winnipeg. The most prevalent versions of the coin show a common ...
, a $1 coin with a longer lifespan that would reduce production costs for the
central bank A central bank, reserve bank, national bank, or monetary authority is an institution that manages the monetary policy of a country or monetary union. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the mo ...
by about $175 million over 20 years. It expected to cease distribution of the $1 banknote by January 1989, but ultimately delayed the final distribution until 30 June 1989. About 19 million banknote stack wrappers were printed with the words "Be ready for the change! Order and use the new coin now!" in preparation for the change. The Bank of Canada stated that withdrawing most of the 300 million $1 banknotes from circulation would take about three months. The
Royal Canadian Mint The Royal Canadian Mint () is the mint of Canada and a Crown corporation, operating under an act of parliament referred to as the ''Royal Canadian Mint Act''. The shares of the mint are held in trust for the Crown in right of Canada. The mi ...
also increased the number of loonies released into circulation from 1 million in January 1989 to 9.8 million during one week in June. Acceptance of the loonie was initially poor, so banks and retailers continued to conduct transactions using the banknotes. By March 1989, support for the change to the $1 coin was 39% among Canadians surveyed by the Royal Canadian Mint, and 36% were opposed to the change. Withdrawal of the $1 banknote resulted in operational cost reductions for some businesses and organizations, such as the
Toronto Transit Commission The Toronto Transit Commission (TTC) is the primary public transport agency in Toronto, Ontario, Canada, operating the majority of the city's transit bus, bus and rail services. It is the oldest and largest of the urban transit service providers ...
which previously invested over paying individuals to unfold banknotes collected in fare boxes. The city of
Hull Hull may refer to: Structures * The hull of an armored fighting vehicle, housing the chassis * Fuselage, of an aircraft * Hull (botany), the outer covering of seeds * Hull (watercraft), the body or frame of a sea-going craft * Submarine hull Ma ...
in
Quebec Quebec is Canada's List of Canadian provinces and territories by area, largest province by area. Located in Central Canada, the province shares borders with the provinces of Ontario to the west, Newfoundland and Labrador to the northeast, ...
purchased the tugboat depicted on the $1 banknote, named ''Missinaibi'', which is now housed behind the
Canadian Museum of History The Canadian Museum of History () is a national museum on anthropology, Canadian history, cultural studies, and ethnology in Gatineau, Quebec, Canada. The purpose of the museum is to promote the heritage of Canada, as well as support related res ...
beside the Ottawa River.


Citations


References

* * * * * * * * * * * * * * * * * * * * *


External links


1969-1979 Series, Scenes of Canada
at the
Collections Canada Library and Archives Canada (LAC; ) is the federal institution tasked with acquiring, preserving, and providing accessibility to the documentary heritage of Canada. The national archive and library is the 16th largest library in the world. Th ...
archive of the
Bank of Canada The Bank of Canada (BoC; ) is a Crown corporations of Canada, Crown corporation and Canada's central bank. Chartered in 1934 under the ''Bank of Canada Act'', it is responsible for formulating Canada's monetary policy,OECD. OECD Economic Surve ...
website {{Canadian currency and coinage Banknotes of Canada 1969 introductions