The Loonie
Canadian Dollar is often referred to as "The Loonie", because of the loon bird that's featured on the $1 coin. In fact, this nickname became so popular that the Royal Canadian Mint, the coin manufacturer, trademarked it in 2006.
The Loonie was introduced in 1987 as a replacement for a paper dollar. For the most part, it was done as a cost-saving measure. The very first 11-sided Loonie coin was designed by a Canadian artist Robert-Ralph Carmichael.
Today's expected range for the Canadian Dollar against the major currencies:
US Dollar 1.3550-1.3650
Euro 1.4600-1.4700
Sterling 1.6950-1.7050
Today's expected range for the Canadian Dollar against the major currencies:
US Dollar 1.2850-1.2950
Euro 1.3700-1.3800
Sterling 1.6050-1.6150
Today's expected range for the Canadian Dollar against the major currencies:
US Dollar 1.3250-1.3350
Euro 1.4500-1.4600
Sterling 1.6950-1.7050
