Macklem unveils new vertical $20 bill featuring King Charles III
Bank of Canada Governor Tiff Macklem unveils the new $20 bill featuring the Vimy Ridge monument and King Charles III on Sept. 3, 2026. The Hill Times photograph by Andrew MeadeMacklem, left, Governor General Louise Arbour, centre, and Secretary of State for Canada Revenue Agency and Financial Institutions Wayne Long unveil the new bill. This is Canada’s first bank note to feature the portrait of King Charles III, and the first time in more than 70 years that a new monarch has appeared on the $20 denomination. The Hill Times photograph by Andrew MeadeArbour speaks at the unveiling of the new bill, which will gradually enter circulation in late February 2027. The Hill Times photograph by Andrew MeadeThe bank note is pictured at a lock-up in Ottawa on Sept. 3, 2026. 'This new $20 bank note is striking, symbolic and secure,' said Macklem. 'The note’s advanced and dynamic security features are combined with images that reflect Canada’s beauty and its history. I hope it evokes pride in Canada and confidence in its bank notes.' The Hill Times photograph by Andrew MeadeThis is the second vertical bank note: the first, the $10 note, features civil rights pioneer and businesswoman Viola Desmond. The Hill Times photograph by Andrew MeadeThe Bank of Canada says the new note has security features never before used on Canadian currency that are easy to check and hard to counterfeit. The Hill Times photograph by Andrew Meade
