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The note's design and change of material to a polymer (plastic) paper, for longevity and counterfeit prevention, was first announced on 10 March 2011. On 20 June 2011, Bank of Canada governor Mark Carney and Finance Minister Jim Flaherty unveiled the new $100 notes. [2] The previous 100-dollar note is dominantly brown in colour.
[2] [3] Although similar in appearance to braille, it differs because standard Braille was deemed too sensitive. The currency denomination must be recognized easily, thus the banknotes use full braille blocks (or cells) of 6 dots, ⠿ . The $5 bill has one cell, with the $10, $20, and $50 denominations each having one more cell than previous.
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. [2] The Bank of Canada requested design submissions from security printing companies, receiving several from both domestic and foreign companies. [ 3 ]
The first RCM gold coin to be directly laser etched was the $100 Gold Leduc Oil Fields coin from 2002. [1] The technique would later be used for the 2003 $100 Gold Marquis Wheat coin and the 2004 $20 Iceberg coin. In 2001, the RCM achieved innovation with the 2001 Marconi $5 silver coin. It was the first RCM coin to include a direct lasered ...
The Canadian dollar weakened to a 4-1/2-year low against its U.S. counterpart on Thursday as the greenback notched broad-based gains and a recent widening in the gap between U.S. and Canadian bond ...
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]
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In 1870, the first Dominion of Canada notes were issued in denominations of 25¢, $1, $2, $500 and $1,000. $50 and $100 notes followed in 1872. The bulk of later government note production was of $1 and $2 notes, with a $4 denomination added in 1882. Notes of $5 were issued starting in 1912.