The tugboat Ancaster has an interesting history. Built by Russel Bros. in the late 1940s, it was initially owned by E. B. Eddy Forest Products and was used to transport logs from the Ottawa River to the factory in Ottawa. However, in 1979, the Ancaster sank at the foot of Chaudière Falls and was subsequently sold as scrap to Ottawa Hydro.

In 1982, Ontario Hydro took on the ambitious project of restoring the Ancaster for its historical significance and to commemorate the 150th anniversary of the Rideau Canal Floating Parade. Fifteen Ottawa Hydro workers dedicated two months to restoring the tugboat, which included reinforcing the hull, rebuilding the cabin and the two-cylinder engine, and adding a new deck made of pressure-treated hemlock. The restoration cost Hydro only $1,700 as the workers volunteered their time.

Once the restoration was completed, the Ancaster was set adrift in Mooneys Bay to test if it could float again, and it did so successfully. If the tugboat were to be sold today, it is estimated to be worth at least $10,000 due to its historical significance.

Following its successful restoration, the Ancaster became a part of the flotilla for the anniversary of the Rideau Canal and was displayed at the National Arts Centre until May 23. Eventually, it found its way back to Owen Sound in 1991, where it now remains as a permanent exhibit at the Owen Sound Marine & Rail Museum.

The Ancaster is particularly famous as one of the two tugs depicted on the reverse of the last Canadian paper dollar bill. It holds a significant place in maritime history and serves as a reminder of Canada’s rich past.

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