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2 Dollars
| Issuer | Bank of Canada / Banque du Canada |
|---|---|
| Year | 1974 |
| Type | Standard circulation banknote |
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| Obverse description | The face is printed in a dominant red tone with multicolour guilloche underprint — the so-called "rainbow printing" — across the entire field, interspersed with abstract ornamental forms incorporating the numeral "2" at multiple positions within the border. At left centre, the Coat of Arms of Canada appears as a vignette, while a portrait of Queen Elizabeth II occupies the right portion of the note. A seven-digit serial number with a two- or three-letter prefix is printed twice: the left serial in red, the right serial in blue. |
|---|---|
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| Reverse lettering | DEUX - 2 2 - TWO BANK OF CANADA - BANQUE DU CANADA |
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| Comments |
The 1974 $2 note was the last Canadian banknote to feature the Elizabethan portrait engraved by Charles Gordon Yorke, whose work defined the look of Canadian paper currency through much of the postwar period. The denomination itself was on borrowed time — the $2 bill would survive only until 1996, when the bimetallic "toonie" coin made it redundant.
Bouey served as Governor of the Bank of Canada during the inflation crisis years, a period when the purchasing power of this note eroded faster than any previous generation of Canadians had experienced.