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What is 'the Loonie'?

  • Post #1
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  • First Post: Oct 23, 2014 1:08pm Oct 23, 2014 1:08pm
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.
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
Cheers
In the tempest of a fast moving market; not everyone is happy.
But....why is it called loonie? I know why cable is cable and kiwi is kiwi.
Be like water making its way through cracks.
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.
Be like water making its way through cracks.
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.
The canadian dollar or any currency with the picture of george bush riding a unicorn..
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
it's CAD, and loonie is the duck bird commonly lived in Canada. These are beautiful bird.
First time I heard it it was a Canadian newspaper seller in Montreal that told me a magazine was 5 loonies.
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..."
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.
  • Post #14
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  • Last Post: Jan 9, 2015 4:58pm Jan 9, 2015 4:58pm
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..
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