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5 Dollars

Issuer Bank of Canada / Banque du Canada
Year 1972
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Composition Cotton paper
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Signature(s) 1972 - G.K. Bouey and L. Rasminsky
1973 - G.K. Bouey and G.F. Towers
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Protection description a stylized wave pattern visible when held to light, embedded in the cotton paper substrate.
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Comments

The 1972 series marked the first time Canada's $5 note dropped the face of Sir Wilfrid Laurier in favour of Sir John A. Macdonald, a reassignment of portraits across the entire "Scenes of Canada" series that reshuffled which Prime Minister appeared on which denomination. The dual-printer arrangement — Canadian Bank Note Company and British American Bank Note Company sharing production — was a long-standing Canadian practice designed to maintain competitive capacity and redundancy within the domestic security printing industry.

The Bouey/Towers signature combination on the 1973-dated variety is notably brief: Towers had retired in 1954 and this pairing is a known catalog anomaly — the correct second signatory for Bouey-era notes is Gerald Bouey paired with John Rasminsky's successor, Gerald Bouey himself as Governor. Collectors should verify signature combinations carefully against certified references, as misattributions in this series are common.

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