new 5 dollar bill canada

Canada is getting a new vertical 5 dollar bill

The Bank of Canada is back at it again with one of their classic money makeovers, and this time, they've got their sights set on the fiver.

We've known since January that a new $5 bill was in the works, but it wasn't until this week that the government announced which eight Canadian icons are up for the honour of gracing its face — a face that will be vertical, for the record, just like the newest $10 note featuring Viola Desmond.

Sadly, Celine Dion did not make the short list, nor did Gord Downie: One of the criteria for appearing on a Canadian banknote, after all, is being dead for at least 25 years.

Someone who did make the list, however, was Terry Fox — a suggestion floated by many people as soon as news broke of the $5 bill's impending redesign.

Joining the legendary Canadian athlete and humanitarian on the Bank of Canada's short list of Canadians who could be featured on the next $5 bill are (in alphabetical order):

"Canadians put forward the names of hundreds of people who have changed Canada for the better," said Bank of Canada Governor Tiff Macklem on Monday when announcing the shortlist.

"I thank the Advisory Council members for their thoughtful and thorough deliberations, and I look forward to seeing which of these eight remarkable individuals will be featured on our next $5 bank note."

Canada's Minister of Finance will announce the next portrait subject of the $5 bank note "in early 2021."

"Each of these people deserve recognition for their remarkable contributions to Canada. They all overcame barriers, fought for their ideals, and have inspired generations," said Chrystia Freeland of the nominees. "And to the tens of thousands of Canadians who took the time to nominate the many noteworthy people in our history, thank you."

Lead photo by

Mockup of what a new $5 bill featuring Fox might look like by Chapmann Cheung


Join the conversation Load comments

Latest in City

City of Toronto nabs dozens of cyclists for speeding in blitz that some say is unfair

Doug Ford says he'll hop into a school bus and drive kids to class this fall if he has to

People have started installing anti-City of Toronto signs in parks

Special weather alert issued for Toronto due to some of the worst air quality in the world

Vote for your favourites in 30 new best of categories

Toronto neighbourhood still shaken by long lockdown in Ontario

People upset after Shoppers Drug Mart in Toronto replaces cashiers with self-checkouts

Toronto loses out to Winnipeg on latest ranking of world's greatest places