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In 1969, the release of a completely new and modern series of Canadian notes began. The Bank of Canada, because of the increased circulation of counterfeit notes of the 1954 series, was concerned with producing notes that would be virtually impossible to counterfeit. The most advanced security features available were incorporated into the new designs while maintaining a high artistic standard. The updated style of this series includes multicolored printing with deeper engravings to give the notes more of a ‘feel’.
The Bank of Canada’s $5 note features Sir Wilfred Laurier on one side and Johnston Straight, Vancouver Island . Note is composed primarily in terra cotta color.