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The Last Canadian Two Dollar Bill


The 1986 $2 bill is dark terra cotta in colour with pastel colours in a rainbow pattern. It displays Queen Elizabeth II, the north side of the Centre Block of the Parliament Buildings, the library in Ottawa and the Canadian Maple Leaf flag above the Peace Tower on the face side and an American Robin on the back.
Official First Day of Issue: September 2, 1986
Official Last Day of Issue: February 16, 1996
Cat. No. Signature
BC-55a Crow-Bouey
BC-55aA Crow-Bouey, ARX replacement
BC-55b Thiessen-Crow
BC-55bA Thiessen-Crow replacement
BC-55c Bonin-Thiessen
BC-55cA Bonin-Thiessen, EBX, BRX replacement

Two Dollar Banknote Sheets

Two formats are available:


BABN at 5 notes across by 8 notes deep
(76.20 x 55.88 cm) (30 x 22 in)


CBN with 4 notes across and 10 notes deep
(60.96 x 69.85 cm) (24 x 27.5 in)

Cat. No. Signature
BC-55b Thiessen-Crow - BABN Sheet Regular
BC-55bA Thiessen-Crow - BABN Sheet Replacement (BBX)
BC-55b-i Thiessen-Crow - CBN Sheet Regular
BC-55bA-i Thiessen-Crow - CBN Sheet Replacement (EBX)
BC-55c Bonin -Thiessen - BABN Sheet Regular
BC-55cA Bonin - Thiessen - BABN Sheet Replacement (BRX)
BC-55c-i Bonin -Thiessen - CBN Sheet Regular
BC-55cA-i Bonin -Thiessen - CBN Sheet Replacement (EBX)


While the cost of producing a two-dollar note is only six cents, versus sixteen cents for a coin, the average bank note lasts only about one year before needing to be withdrawn and replaced with a new one. Coins have useful life of twenty years or more. The Government of Canada estimates that the two-dollar coin will save taxpayers more than two hundred fifty million dollars during the first twenty years of its issue.

After 125 years of faithful service, the Canadian two-dollar note was no longer issued and was withdrawn from circulation. The most recent date on the bills is 1986. They were replaced by a beautiful new two-dollar bimetallic coin on February 19, 1996, featuring a majestic polar bear on the reverse and the Queen on the obverse. Copyright, Mark Alexander, April 10, 1998

These coins are commonly called "twoonies" because of the nickname for the one-dollar coin "loonie" and it's two dollar value.




Copyright 1998 - 2007 The entire contents of this website are copyright, including all images. Permission is granted to non-profit organizations on the condition that such copies are not sold or otherwise used for profit. Unless specifically stated otherwise, images of banknotes are copyright by the Bank of Canada and are used here with permission.