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2 Dollars

Issuer Bank of Canada
Year 1935
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Shape Rectangular
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Reverse description The reverse is executed in blue intaglio and letterpress, centred on an allegorical vignette of a standing female figure representing Commerce or Prosperity, holding a caduceus, set against a background of a harbour with vessels and industrial structures. Large guilloche numeral "2" medallions occupy both lateral margins, and the legend "BANK OF CANADA" arches across the top, with "TWO DOLLARS" inscribed along the lower border.
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Signature(s) J.A. Osborne and G.F. Towers
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Comments

The Bank of Canada opened in March 1935, making this 2 Dollar note part of the inaugural issue — the first series ever produced by a central bank that had not existed twelve months earlier. The bilingual English/French design was a deliberate political choice, contentious enough internally that separate English-dominant and French-dominant varieties were produced within the same series to satisfy regional sensitivities without fully committing to equal billing on a single face.

J.A. Osborne, whose signature appears here, was the Bank's first Deputy Governor. G.F. Towers was its founding Governor, appointed at 37 — unusually young for the role, and a political appointee of the Bennett government who would outlast four prime ministers in the position.

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