Canadian Informal. a dollar coin.
Also, loony.

from the image of a loon on the reverse

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World English Dictionary
loonie (ˈluːnɪ)
slang (Canadian)
 a.  a Canadian dollar coin with a loon bird on one of its faces
 b.  the Canadian currency

Collins English Dictionary - Complete & Unabridged 10th Edition
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Example sentences
Spew from your soapbox somewhere else please you loonie leftie.
But the central bank warns that a strong loonie, as the currency is known, will slow the recovery.
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