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2 Dollars

Issuer Banque du Canada
Year 1935
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Composition Cotton paper
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Reverse description The reverse is engraved in deep blue intaglio on white paper. A central allegorical vignette presents a classical female figure standing atop a globe and holding a caduceus, set against a background of a harbour with ships and a railway bridge, evoking Canada's commerce and industry. Large ornate '2' counters occupy the left and right margins within intricate guilloche rosettes, and the denomination 'DEUX DOLLARS' is lettered across the bottom in bold serif type. The bank name 'BANQUE DU CANADA' appears at the top centre flanked by the numeral '2' and the word 'DEUX' at the corners.
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Signature(s) J.A. Osborne and G.F. Towers
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Comments

The 1935 series was the first issued by the Bank of Canada following its opening in March of that year — a deliberate political act to displace the commercial chartered banks that had been issuing their own currency for over a century. Ottawa was reluctant to absorb that function at first, and the enabling legislation had stalled twice before finally passing in 1934.

Two language variants were produced: unilingual English and unilingual French. Pick #41 is the English version; the French equivalent is #41a. The decision to print separate notes rather than bilingual ones was politically convenient and quietly abandoned in later decades.

Osborne signed as Deputy Governor; Towers as Governor, the first person to hold that office.

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