What is 'the Loonie'? | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Loonie Trends (USDCAD) 0 replies

why didn't the Loonie strengthen? 3 replies

USD/CAD - Loonie Toons, & mostly pointless analyses 2 replies

Loonie/BOC 4 replies

Focus on the Loonie 0 replies

What is 'the Loonie'?

  • #1
  • First Post: Oct 23, 2014 12:08pm Oct 23, 2014 12:08pm
Just one of those out there questions that surfaced when I was looking at NG.
In FF under NG Specs, and then into FF Notes it states:

"While this is a US indicator, it most affects the loonie due to Canada's sizable energy sector"

What is the "loonie" ??

Appreciated,
In the tempest of a fast moving market; not everyone is happy.
  • #2
  • Oct 23, 2014 7:45pm Oct 23, 2014 7:45pm
Quoting kiwis
Just one of those out there questions that surfaced when I was looking at NG. In FF under NG Specs, and then into FF Notes it states: "While this is a US indicator, it most affects the loonie due to Canada's sizable energy sector" What is the "loonie" ?? Appreciated,
"loonie" = Canadian Dollar
  • #3
  • Oct 23, 2014 8:11pm Oct 23, 2014 8:11pm
Cheers
In the tempest of a fast moving market; not everyone is happy.
  • #4
  • Oct 23, 2014 8:48pm Oct 23, 2014 8:48pm
But....why is it called loonie? I know why cable is cable and kiwi is kiwi.
Be like water making its way through cracks.
  • #5
  • Oct 23, 2014 8:56pm Oct 23, 2014 8:56pm
Quoting ClumsyTrader
But....why is it called loonie? I know why cable is cable and kiwi is kiwi.
It's called the Loonie because of the Great Northern Loon (a bird) or something like that. It use to be (and maybe still is) on their coins.
Some people think it's because the currency moves around like a lunatic. That's is also true.
  • #6
  • Oct 23, 2014 9:24pm Oct 23, 2014 9:24pm
Be like water making its way through cracks.
  • #7
  • Oct 23, 2014 10:56pm Oct 23, 2014 10:56pm
Maybe the "Loonie" is slang for what would have been an old French currency; as in the Louy - AKA the Louis D'or ?
In the tempest of a fast moving market; not everyone is happy.
  • #8
  • Oct 25, 2014 9:04am Oct 25, 2014 9:04am
The canadian dollar or any currency with the picture of george bush riding a unicorn..
  • #9
  • Oct 25, 2014 1:42pm Oct 25, 2014 1:42pm
Quoting Hyperion
{quote} It's called the Loonie because of the Great Northern Loon (a bird) or something like that. It use to be (and maybe still is) on their coins.
This is why, and the only reason, we call our dollar a loonie.
Enter Signature
  • #10
  • Dec 22, 2014 5:42am Dec 22, 2014 5:42am
it's CAD, and loonie is the duck bird commonly lived in Canada. These are beautiful bird.
  • #11
  • Dec 22, 2014 10:03am Dec 22, 2014 10:03am
First time I heard it it was a Canadian newspaper seller in Montreal that told me a magazine was 5 loonies.
  • #12
  • Dec 23, 2014 12:03am Dec 23, 2014 12:03am
The Canadian two dollar coin is called the Toonie.
It's got a polar bear and, of course, the Queen.
"What glory would attend the discovery..."
  • #13
  • Jan 7, 2015 9:12pm Jan 7, 2015 9:12pm
As has been pointed out, an engraving of a loon is on a Canadian coin. More specifically, it is on the $1 coin. In Canada, if you lend someone a loonie you are lending them a Canadian $1 coin, not any Canadian coin.
  • #14
  • Last Post: Jan 9, 2015 3:58pm Jan 9, 2015 3:58pm
Quoting kiwis
Just one of those out there questions that surfaced when I was looking at NG. In FF under NG Specs, and then into FF Notes it states: "While this is a US indicator, it most affects the loonie due to Canada's sizable energy sector" What is the "loonie" ?? Appreciated,
Canadian dollar and can also refer to someone mentally deficient..
0 traders viewing now