According to an article in The Globe and Mail dated 4 March 2010, Canada has announced that beginning in late 2011 it intends to replace paper-cotton banknotes with polymer notes which are reported to last “two to three times longer. The changes are intended save on the cost of printing bills – and create a currency that’s much harder to counterfeit.” Canada will rely upon Austarlia’s Securency as the sole supplier for the polymer substrate. Though there is no mention of who will print the notes, it will probably continue to be Bank of Canada and Canadian Bank Note Company. Furthermore, it appears the 10- and 20-dollar denominations will be the first to be printed on polymer.
Courtesy of Dharshan Mahalingam and Mark Allen.