Trudeau says new bank note will feature an iconic Canadian woman

Prime Minister Justin Trudeau announced Tuesday that an exceptional Canadian woman will be featured on the next new bank note, which he said is expected to be in circulation in 2018.

See Full Article

“Today, on International Women’s Day, the Bank of Canada is taking the first step, launching public consultations to select an iconic Canadian woman on this new bill,” Trudeau said.

Finance Minister Bill Morneau, who said in January that he was open to the idea, explained Tuesday that he first wanted to check with Bank of Canada officials, who are supportive.

“As we know, women are and always have been instrumental in building our country, but it’s now been almost 150 years that we have not had a Canadian woman on our bank notes,” he said, “with the notable exception of the Queen.”

“We think it’s high time to change,” Morneau added.

The finance minister said he hopes the new note will give women “constant reminders that they are not only Canada’s future but a celebrated part of our history.”

Morneau encouraged all Canadians, female and male, to nominate an iconic women using the form on the Bank of Canada’s website.

The women nominated must be:

  • Canadian (by birth or naturalization)
  • have “demonstrated outstanding leadership, achievement or distinction in any field, benefiting the people of Canada, or in the service of Canada.”
  • deceased for at least 25 years
  • and not fictional

Critics have long argued that Canada’s bank notes ought to have more women on them.

There was a widespread outcry in 2012 when the Conservative government of the day replaced a $50 bill that featured Alberta’s “Famous Five” women and feminist Senator Thérèse Forget Casgrain with an image of the Canadian Coast Guard research ship.



Advertisements

Latest Economic News

  • Forget the poop scooping: who will pay the bills for your pet?

    Economic CBC News
    The scene is so common, it's cliché: Your adorable child looks longingly into your eyes, begging for a pet. You somehow navigate the emotionally fraught minefield of cat vs. dog. Then it's time to talk chores. Source
  • Ivanka Trump ordered to testify in dispute with shoe company

    Economic CTV News
    NEW YORK -- Ivanka Trump must testify in a dispute with an Italian shoemaker over one of her company's shoe designs, a judge said Friday. U.S. District Judge Katherine Forrest rejected a request by the senior White House aide's lawyers that she be blocked from submitting to a deposition in the trademark infringement lawsuit brought by Aquazzura Italia SRL against her and her company IT Collection LLC. Source
  • Cooling measures already affecting hot Toronto housing market: survey

    Economic CTV News
    The recent intervention by the Ontario government to cool the Toronto-area’s hot housing market is already having an impact on sellers and buyers plans for the year, according to a new poll. At the end of April, Ont. Source
  • Why is the American teen summer job disappearing? [Video]

    Economic Toronto Sun
    WASHINGTON — It was at Oregon’s Timberline Lodge, later known as a setting in the horror movie “The Shining,” where Patrick Doyle earned his first real paycheque. He was a busboy. The job didn’t pay much. But Doyle quickly learned lessons that served him for years as he rose to become the CEO of Domino’s, the pizza delivery giant: Source
  • Waiting for a Canadian housing crash? Warren Buffet bets against it buying 38% stake in Home Capital Group Inc.

    Economic Toronto Sun
    Warren Buffett's deal to back Home Capital Group Inc. does more than support a struggling mortgage lender -- it's a vote of confidence for a housing market that everyone from investors to global ratings companies say is a bubble ready to burst. Source
  • CIBC looks to generate quarter of earnings from U.S.

    Economic CBC News
    CIBC closed its acquisition of Chicago-based PrivateBancorp on Friday, securing its foothold in the U.S. where CEO Victor Dodig said the bank hopes to one day generate a quarter of its earnings. The Canadian bank now earns roughly five per cent of its profits in the U.S. Source
  • CIBC closes acquisition of U.S.-based PrivateBancorp

    Economic CTV News
    TORONTO -- CIBC closed its acquisition of Chicago-based PrivateBancorp on Friday, securing its foothold in the U.S. where CEO Victor Dodig said the bank hopes to one day generate a quarter of its earnings. The Canadian bank (TSX:CM) now earns roughly five per cent of its profits in the U.S. Source
  • Consumer demand for debt as high as it has ever been, Equifax says

    Economic CBC News
    Canadians' appetite for debt is as insatiable as ever, a new report from credit monitoring firm Equifax says. Equifax calculates that Canadian consumers owed $1.729 trillion at the end of the first quarter, an increase of 6.9 per cent in a year. Source
  • Sears Canada store closures expected to have little impact on RioCan

    Economic CTV News
    NEW YORK -- Sears is closing another 20 stores as the ailing retailer tries to turn around its business. Real estate investment trust Seritage, which owns the 20 real estate properties, confirmed the closings-- 18 Sears stores and two Kmart stores -- in a government filing Friday. Source
  • Ontario rent increases capped at 1.8 per cent next year

    Economic CTV News
    TORONTO - Landlords in Ontario will be able to increase rents up to 1.8 per cent next year, as rent controls are expanded under the Liberal government's housing plan. The annual rent increase guideline is the maximum amount a landlord can boost a tenant's rent without needing the approval of the Landlord and Tenant Board. Source