Canada launches anti-fraud plastic banknotes

Canadians will be packing more plastic in their wallets with the launch of new polymer bills that replace paper-cotton notes.

The Canadian dollar has traded above parity with the US greenback for months, and gets technologically tougher with the new plastic money designed to thwart counterfeiters.

The polypropylene substrate lasts 2.5 times longer and makes it harder to copy than the existing paper-cotton money, according to the Bank of Canada. It marks the first full-scale use of a substrate other than paper for Canada’s currency — via redwolf.newsvine.com