The 1954 Series was the third series of banknotes the Bank of Canada

Bank of Canada

The Bank of Canada is Canada's central bank and "lender of last resort". The Bank was created by an Act of Parliament on July 3, 1934 as a privately owned corporation. In 1938, the Bank became a Crown corporation belonging to the Government of Canada...

 issued. The second variant was issued in 1956.

The third series of Bank of Canada bank notes was prepared in 1952. Significant changes to the design of Canada's paper currency gave it a whole new look that set the standard for the future.

With the ascension to the throne of Elizabeth II in 1952, plates were prepared for the third series of Bank of Canada notes. They were very different from the 1937 series, although the colours and bilingual nature were retained. Like the previous series, English was always on the left. The portrait was moved from the centre of the bank note to the right-hand side where it was less susceptible to wear caused by the folding of notes. The elaborate detail of earlier issues was simplified, and the earlier allegorical figures were replaced by Canadian landscapes. The Canadian coat of arms

Coat of arms of Canada

The Arms of Canada is, since 1921, the official coat of arms of the Canadian monarch, and thus also of Canada...

 was first introduced in this series and formed part of the background design. This is the only series on which the portrait of the Queen appears on all denominations.

This series caused controversy because highlighted areas of the Queen's hair gave the illusion of a grinning demon behind the ear. The term "Devil's Head" is commonly used to describe these bank notes. The Bank of Canada had both bank note companies modify the face plates by darkening the highlights in the hair. These modifications were made in 1956 for all denominations.

A $1 note commemorating the centennial of Canadian Confederation

Canadian Confederation

Canadian Confederation was the process by which the federal Dominion of Canada was formed on July 1, 1867. On that day, three British colonies were formed into four Canadian provinces...

 was issued on 3 January 1967, half year before the event. Compared to the regular $1 note, the commemorative version has a different back that shows the original Parliament Buildings, a logo on the face, and commemorative legend in the borders of both sides.

All bills measure 152.4 × 69.85 mm (6 × 2¾ inches).

1954 series
Image		Value	Main Colour	Description		Date of
Obverse	Reverse			Obverse	Reverse	printing	issue
http://www.cdnpapermoney.com/images/DF/1954D_1f.jpg	http://www.cdnpapermoney.com/images/DF/1954D_1b.jpg	$1	Green	Queen Elizabeth II	Saskatchewan Saskatchewan Saskatchewan is a prairie province in Canada, which has an area of . Saskatchewan is bordered on the west by Alberta, on the north by the Northwest Territories, on the east by Manitoba, and on the south by the U.S. states of Montana and North Dakota....  prairie	1954	9 September 1954
http://www.cdnpapermoney.com/images/Modified/1967_serialf.jpg	http://www.cdnpapermoney.com/images/Modified/1967_serialb.jpg	$1	Green	Queen Elizabeth II	Original Parliament Buildings	1967	3 January 1967
http://www.cdnpapermoney.com/images/DF/1954D_2f.jpg	http://www.cdnpapermoney.com/images/DF/1954D_2b.jpg	$2	Terra cotta	Queen Elizabeth II	A country scene, Richmond Richmond, Quebec Richmond, population 3,336 , is a town nestled amidst rolling farmlands on the Saint-François River between Sherbrooke and Drummondville, in the heart of Estrie in Quebec, Canada.-Richmond today:... , Quebec Quebec Quebec or is a province in east-central Canada. It is the only Canadian province with a predominantly French-speaking population and the only one whose sole official language is French at the provincial level....	1954	9 September 1954
http://www.cdnpapermoney.com/images/DF/1954D_5f.jpg	http://www.cdnpapermoney.com/images/DF/1954D_5b.jpg	$5	Blue	Queen Elizabeth II	Otter Falls, (Aishihik River Aishihik River The Aishihik River, also known as Canyon Creek, is a river in the Yukon Territory of Canada. Originating in Aishihik Lake, it flows south into the Dezadeash River, part of the Alsek River watershed.... ), Yukon Yukon Yukon is the westernmost and smallest of Canada's three federal territories. It was named after the Yukon River. The word Yukon means "Great River" in Gwich’in....	1954	9 September 1954
http://www.cdnpapermoney.com/images/DF/1954D_10f.jpg	http://www.cdnpapermoney.com/images/DF/1954D_10b.jpg	$10	Purple	Queen Elizabeth II	Mount Burgess, British Columbia British Columbia British Columbia is the westernmost of Canada's provinces and is known for its natural beauty, as reflected in its Latin motto, Splendor sine occasu . Its name was chosen by Queen Victoria in 1858...	1954	9 September 1954
http://www.cdnpapermoney.com/images/DF/1954D_20f.jpg	http://www.cdnpapermoney.com/images/DF/1954D_20b.jpg	$20	Olive Green	Queen Elizabeth II	Winter landscape, Laurentian Mountains Laurentian mountains The Laurentian Mountains are a mountain range in southern Quebec, Canada, north of the St. Lawrence River and Ottawa River, rising to a highest point of 1166 metres at Mont Raoul Blanchard, north east of Quebec City in the Reserve Faunique des Laurentides. The Gatineau, L'Assomption, Lièvre,... , Quebec Quebec Quebec or is a province in east-central Canada. It is the only Canadian province with a predominantly French-speaking population and the only one whose sole official language is French at the provincial level....	1954	9 September 1954
http://www.cdnpapermoney.com/images/DF/1954D_50f.jpg	http://www.cdnpapermoney.com/images/DF/1954D_50b.jpg	$50	Orange	Queen Elizabeth II	Lockeport Beach, Nova Scotia Nova Scotia Nova Scotia is one of Canada's three Maritime provinces and is the most populous province in Atlantic Canada. The name of the province is Latin for "New Scotland," but "Nova Scotia" is the recognized, English-language name of the province. The provincial capital is Halifax. Nova Scotia is the...	1954	9 September 1954
http://www.cdnpapermoney.com/images/DF/1954D_100f.jpg	http://www.cdnpapermoney.com/images/DF/1954D_100b.jpg	$100	Brown	Queen Elizabeth II	Okanagan Okanagan The Okanagan , also known as the Okanagan Valley and sometimes as Okanagan Country is a region located in the Canadian province of British Columbia defined by the basin of Okanagan Lake and the Canadian portion of the Okanagan River. As of 2009, the region's population is approximately 350,927. The...  Lake, Munson Mountain, British Columbia British Columbia British Columbia is the westernmost of Canada's provinces and is known for its natural beauty, as reflected in its Latin motto, Splendor sine occasu . Its name was chosen by Queen Victoria in 1858...	1954	9 September 1954
http://www.cdnpapermoney.com/images/DF/1954D_1000f.gif	http://www.cdnpapermoney.com/images/DF/1954D_1000b.gif	$1000	Rose Pink	Queen Elizabeth II	L'Anse-Saint-Jean L'Anse-Saint-Jean, Quebec L'Anse-Saint-Jean is a small town, population 1269 , in the Saguenay-Lac-Saint-Jean region of Quebec, Canada.L'Anse-Saint-Jean was founded in 1838 by the Société des Vingt-et-un, a group of lumber prospectors and investors from Charlevoix which was responsible for opening up the Saguenay region to... , Quebec Quebec Quebec or is a province in east-central Canada. It is the only Canadian province with a predominantly French-speaking population and the only one whose sole official language is French at the provincial level....	1954	9 September 1954