For Canada Day, we"re looking at Moraine Lake in Banff National Park. And if you"re thinking that this amazing view is worth more than $20, you"re right. But this priceless scene was once featured on Canada"s $20 bill, hence the nickname. Canada Day, celebrated on July 1, commemorates the date in 1867 when Canada was recognized as a self-governing country under the British Empire. It"s not exactly Canadian Independence Day—it marks the passing of the Constitution Act of 1867, which was the first major step toward Canada"s sovereignty.