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 1.2875-1.2975
Euro 1.3400-1.3500
Sterling 1.5600-1.5700
Today's expected range for the Canadian Dollar against the major currencies:
US Dollar 1.2550-1.2650
Euro 1.4850-1.4950
Sterling 1.7200-1.7300
Today's expected range for the Canadian Dollar against the major currencies:
US Dollar 1.2650-1.2750
Euro 1.4850-1.4950
Sterling 1.7350-1.7450
