A Canadian woman will be featured on the next issue of Canadian bank notes, Prime Minister Trudeau announced today.

"A Canadian woman will be featured on the very first of the next series of bills expected in 2018," Trudeau said.

"Today, on International Women's Day, the Bank of Canada is taking the first step by launching public consultations to select an iconic Canadian woman to be featured on this new bill."

Finance Bill Morneau, who stood alongside the prime minister with other members of the Liberal caucus and former Mississauga mayor Hazel McCallion during the announcement, noted that it is "high time to change."

The government and the Bank of Canada did not indicate which denomination would showcase the iconic female Canadian. 

More to come