In a historic announcement, Terry Fox, the beloved Canadian athlete and activist, will appear on Canada’s next $5 bill. This decision honors his lasting legacy as a symbol of hope and determination in the fight against cancer. The new note will replace the current $5 bill featuring Sir Wilfrid Laurier, who will now move to the $50 bill.
Who Was Terry Fox?
Terry was born on July 28, 1958, in Winnipeg, Manitoba, and raised in Port Coquitlam, British Columbia. As a teenager, he was an active athlete, playing basketball and long-distance running. However, his life changed when he was diagnosed with osteogenic sarcoma (bone cancer) at the age of 18. His right leg was amputated above the knee, but this did not deter his spirit.
Determined to raise awareness and funds for cancer research, Terry embarked on his legendary Marathon of Hope in 1980. He ran the equivalent of a marathon (42 km) every day on a prosthetic leg, covering 5,373 kilometers over 143 days. Despite his remarkable perseverance, his journey was cut short near Thunder Bay, Ontario, when cancer spread to his lungs. Terry passed away on June 28, 1981, at the age of 22.
His story inspired millions, and the annual Terry Run, first held in 1981, has since raised over $900 million for cancer research globally.
Terry Fox on Canada’s $5 Bill
The announcement of Terry Fox as the next face of Canada’s $5 bill was made during the fall economic statement on December 16, 2024. The move reflects his enduring impact on Canadians and his role in uniting the country in the fight against cancer.
In 2020, the Bank of Canada invited Canadians to nominate iconic figures for the new $5 bill. Over 45,000 Canadians participated, and an independent advisory council compiled a shortlist of eight candidates. Terry Fox was ultimately chosen, with widespread public support, to represent Canada’s values of resilience, courage, and hope.
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A Legacy of Hope and Determination
The Fox family expressed deep gratitude for this honor. In a statement, they said:
We hope the Terry Fox $5 bill inspires Canadians to think about his vision of eradicating cancer through research. Terry always sought the next dollar not for himself, but to make a difference in the lives of others.
Fox’s hometown of Port Coquitlam, British Columbia, was instrumental in advocating for his inclusion. Mayor Brad West remarked:
Terry Fox’s courage and determination continue to inspire and unite people not just in Port Coquitlam but around the world. We are immensely proud to see him honored in this way.
Honors and Achievements
Terry Fox’s contributions have been widely recognized. Some of his notable honors include:
- Companion of the Order of Canada: He was the youngest recipient at the time.
- Lou Marsh Trophy (1980): Awarded as Canada’s top athlete of the year.
- Canada’s Walk of Fame: Inducted posthumously in recognition of his lasting impact.
- Person of National Historic Significance: Designated by the Canadian government.
- Numerous schools, roads, and statues across Canada are named in his honor.
Terry Fox’s Impact on Cancer Research
Terry’s original goal during the Marathon of Hope was to raise $1 for every Canadian, totaling $24 million. By February 1981, this goal had been achieved. Today, the annual Terry Fox Run is held in over 60 countries, continuing his dream of eradicating cancer through research.
Why Terry Fox Was Chosen for the $5 Bill
Terry Fox’s story transcends generations. His Marathon of Hope showed the power of determination, compassion, and a vision for change. By featuring him on the $5 bill, Canada sends a message of hope and perseverance to future generations.
Sir Wilfrid Laurier Moves to the $50 Bill
Sir Wilfrid Laurier, Canada’s seventh Prime Minister, has appeared on the $5 note since 1972. With Terry Fox now set to replace him, Laurier will feature on the next version of the $50 bill, replacing William Lyon Mackenzie King.
Terry Fox’s Legacy Lives On
The new $5 bill featuring Terry Fox is more than just a banknote it’s a reminder of the power of hope, courage, and determination. Every time Canadians use this bill, they will honor his dream of a world free from cancer.
Terry Fox proved that ordinary people can achieve extraordinary things. His story inspires millions and will continue to do so as his face graces one of Canada’s most used denominations.
Terry Fox’s Net Worth and Financial Legacy
While Terry Fox was not motivated by financial gain, his legacy has helped raise over $900 million for cancer research. His life was dedicated to service and creating a better future for others, making him one of Canada’s most cherished figures.