The Cross of Valour () is a decoration that is, within the Canadian system of honours, the second highest award (superseded only by the Victoria Cross), the highest honour available for Canadian civilians, and the highest of the three Canadian Bravery Decorations. Created in 1972, the medallion is presented to individuals, both Canadians and foreigners, living and deceased, who have performed acts of the most conspicuous courage in circumstances of extreme peril and grants recipients the ability to use the post-nominal letters CV.