New plastic $50 bills go into circulation
CBC News
Posted: Mar 26, 2012 4:41 PM ET
Last Updated: Mar 26, 2012 4:31 PM ET
Related
Canada’s newest bank notes — $50 bills made from a plastic polymer — started circulating Monday.
Bank of Canada governor Mark Carney marked the event at the Canadian Coast Guard’s Quebec port facility.
The front of the new note features a portrait of William Lyon Mackenzie King, while the back depicts the Arctic research icebreaker CCGS Amundsen.
Canadians who want to get their hands on the bills can do so at banks and other financial institutions across the country.
The notes replace current cotton-and-paper bills and are designed to last longer and thwart counterfeiters.
"Counterfeiting rates have been reduced by 90 per cent since 2004," Carney said.
"And by regularly checking the leading-edge security features on these new notes, Canadians can help protect themselves from counterfeiting threats," he added.
The security features include two transparent areas, one extending from the top to the bottom of the note and containing complex holographic features and the other in the shape of a maple leaf.
There are more plastic notes to come.
The $20 bill will be issued later this year, with the $10 and $5 notes to be released by the end of 2013. The polymer $100 note is already in circulation.
Share Tools
Top News Headlines
- Canadian on U.S. death row pleads for clemency
- A Canadian man on death row in the United States will plead for his life to be spared when he addresses a hearing starting this morning in Montana. more »
- Montreal cabbie charged in hit and run up for bail
- Dozens of taxi drivers are gathered this morning in front of a Montreal courthouse to support a colleague set to appear at a bail hearing after he was charged in a hit and run caught on tape. more »
- Hang-glider pilot may have swallowed evidence
- The B.C. hang-gliding pilot being held in custody after the weekend death of his passenger is alleged to have swallowed a memory card that might have contained a video of the fatal flight Saturday, police say. more »
- Counterfeiters' favourite, the $20 bill, to be replaced
- Canada's $20 banknote is the favourite of counterfeiters. But beginning this fall, the Bank of Canada will begin circulating a new $20 that it says will be harder to duplicate. more »
Latest Business Headlines
- Facebook to go public on May 18
- Facebook will go public on May 18, a published report says, in one of the most highly anticipated tech initial public offerings since Google went public in August 2004. more »
- European unemployment nears 11%
- Record high unemployment for the 17 countries that use the euro is set to increase the pressure on Europe's leaders to switch from a focus on austerity to a pro-growth strategy to stop the region from moving deeper into recession. more »
- Former SNC-Lavalin exec accused of funneling cash to Gadhafis
- An angry insider at engineering giant SNC-Lavalin has accused the company's former head of construction, Riadh Ben Aissa, of secretly funneling money to members of Libya's Gadhafi family, according to a "poison pen" email obtained by CBC News. more »
- Loblaw profit falls 22%
- Loblaw Companies Ltd. profit was down 22 per cent in the first quarter as the national grocery retailer recorded a number of costs that are part of a multi-year revamp of its operations that will continue to depress its earnings. more »
Lang & O'Leary Exchange
Markets
Index | Last Trade | Change |
---|---|---|
TSX COMPOSITE | 12232.6 | -100.19 |
DOW | 13233 | -46.32 |
NASDAQ | 3053.01 | 2.57 |
SP 500 | 1400.91 | -4.91 |
NYSE COMPOSITE | 8114.6 | -49.43 |
2433.11 | -4.91 | |
TSX-VENTURE | 1429.21 | -2.47 |
The data on this site is informational only and may be delayed; it is not intended as trading or investment advice and you should not rely on it as such.
Business Features
- Tsunami motorcycle owner located in Japan
- Hang-glider pilot may have swallowed evidence
- Harper's real agenda visible in budget bill
- Counterfeiters' favourite, the $20 bill, to be replaced
- Disabled parents fight to keep newborn at home
- Harper warns of changing world and economic troubles
- Motorcycle washed up in B.C. may be Japanese tsunami debris
- Has Luongo's secret Twitter account been unmasked?
- Federal libraries, archives shutting down