new 5 dollar bill canada

Canada is getting a redesign of the 5 dollar bill

The Bank of Canada announced yesterday that a new $5 bank note will be coming into circulation soon.

Governor Stephen S. Poloz said at the Board of Trade’s Economic Outlook Forum in Vancouver that Canada is close to announcing the plans for the new bank note. 

"An ongoing priority for us at the Bank is providing Canadians with bank notes that include the latest security features so that they can continue to use them with confidence,"said Poloz. 

Poloz said public consultations about who should appear on the new $5 note will be launching soon. The process will be similar to the public consultations that led to the selection of Viola Desmond for the $10 note.

This time the Bank of Canada will be asking all Canadians to nominate any historic Canadian, and some people have some pretty unique ideas. For instance, Celine Dion. 

The current $5 bill features a portrait of Canada's seventh prime minister Sir Wilfrid Laurier and hologram of the Mackenzie Tower from the West Block on Parliament Hill on the front. The back features an astronaut working with Dextre attached to the Canadarm2.

While a pop icon would be different from what's already on Canada's bank notes, some people would rather the approach stay traditional  and stick with politicians and activists. 

A lot of  people have responded to on Twitter suggesting that Canadian athlete, humanitarian, and cancer research activist, Terry Fox, would be the best choice. 

Another popular suggestion is the late Gord Downie, of The Tragically Hip. Downie is also known for his activism surrounding indigenous peoples rights. 

Other say the infamous Don Cherry would be a good pick, which would probably go over so well.

The discussion really shines a light on how many cool Canadians there are, but the ideas don't stop at Canada's people. Some think highlighing the Canadian natural landscape would be a good choice.

Some have other ideas when it comes to the "nature" approach. 

So far no date has been provided on when and how consultations will officially begin, but the discussion on social media proves the decision will be tough one. 

Lead photo by

Ethan McArthur

Join the conversation Load comments

Latest in News

12 things to know about WE Charity and the scandal surrounding Justin Trudeau

This is what human remains has to do with one of Canada's most famous artists

A deer has been stranded on an island above Niagara Falls for almost a year

This is why #wayfairchildtrafficking is trending on social media

Students at Queen's University are documenting widespread racism and discrimination

The Canada Emergency Wage Subsidy is officially being extended

Justin Trudeau apologizes for WE Charity scandal

This is why reopening bars in Montreal has been such a debacle so far