| Canadian Informal. a dollar coin. |
loon·ie  (lōō'nē) n. Informal
[From the image of a loon on one side of the coin.] |
Loonie
A slang term for a Canadian dollar. It is derived from the picture of a loon on one side of the coin.
Investopedia Commentary
Just like in the U.S. where the dollar is referred to as the "greenback", the loonie is a often used to refer to the Canadian dollar. For example one may hear in a news report that the loonie was up in today's trade.
Related Links
Floating And Fixed Exchange Rates
What Are Central Banks?
See also: Bank of Canada - BOC, Currency, Exchange Rate, Greenback
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