Bill C-435
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SUMMARY |
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This enactment amends the Bank of Canada Act and provides that,
beginning on the date it comes into force, the Bank of Canada shall
cease to print and issue thousand dollar notes.
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Already-issued thousand dollar notes will be legal tender for three
months after this enactment comes into force.
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However, for six months after this enactment comes into force, the
Bank of Canada will continue to honour already-issued thousand dollar
notes. After this time, the Bank of Canada will no longer honour such
notes.
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