Canada marks coronation of King Charles III with national ceremony in Ottawa

King Charles III will replace his predecessor, the late Queen Elizabeth II, on Canada's coins and $20 bill after being officially being crowned Canada's sovereign.

King Charles III will replace his predecessor, the late Queen Elizabeth II, on Canada's coins and $20 bill after being officially being crowned Canada's sovereign.

The process of creating a new $20 bill is expected to take a few years. Current Canadian money bearing the likeness of Elizabeth II will remain legal tender.

The Canadian ceremony marking the coronation of the new King was held in the nation's capital Saturday (may 6) morning.

The ceremony at the Sir John A. MacDonald building in Ottawa included speeches, musical performances and a 21-gun-salute.