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 1.3600-1.3840
Euro 1.5500-1.5730
Sterling 1.8500-1.8720
Today's expected range for the Canadian Dollar against the major currencies:
US Dollar 1.2650-1.2750
Euro 1.4950-1.5050
Sterling 1.7500-1.7600
Today's expected range for the Canadian Dollar against the major currencies:
US Dollar 1.2625-1.2725
Euro 1.4750-1.4850
Sterling 1.7300-1.7400
