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The loonie (French: huard), formally the Canadian one-dollar coin, is a gold-coloured Canadian coin that was introduced in 1987 and is produced by the Royal Canadian Mint at its facility in Winnipeg. The most prevalent versions of the coin show a common loon , a bird found throughout Canada, on the reverse and Queen Elizabeth II , the nation's ...
It was succeeded by the 2001 Canadian Journey series. This was the first series to omit the $1 banknote; it was replaced by the $1 coin, which became known as the loonie, in 1987, although the $1 bill from the previous series would continue to be produced concurrently with the $1 coin for a 21-month long period until 1989.
The most significant recent developments in Canadian coinage were the introduction of $1 and $2 coins and the withdrawal of the one cent piece. The $1 coin (the "loonie") was released in 1987. The $1 banknote remained in issue and in circulation alongside the one-dollar coin for the next two years, until it was withdrawn in 1989.
The Royal Canadian Mint also increased the number of loonies released into circulation from 1 million in January 1989 to 9.8 million during one week in June. [31] Acceptance of the loonie was initially poor, so banks and retailers continued to conduct transactions using the banknotes. [34]
It was then replaced with the 1987 Canadian 1-dollar coin (colloquially known as the "loonie"). 1967 marked the end of the silver dollar as a business strike, or a coin issued for circulation. After 1967, the dollar coin was made of nickel, except for non-circulating commemorative issues for the collector market, which continue to contain silver.
Printing of the $1 note ceased in 1989 after the release of the loonie (in 1986) had been implemented. These notes are virtually never seen in circulation today. The most recent banknote series that included the $1 note was the Scenes of Canada, with the $1 note released in 1974, coloured green and black.
The Canadian dollar touched a 4-1/2-year low against its U.S. counterpart on Monday before recouping its losses and Canadian bond yields rose, as investors weighed the fiscal implications of the ...
The coin quickly became known as the "loonie", [101] which in turn has become a nickname for the Canadian dollar generally. The loonie was followed by the introduction of a two-dollar coin in 1996, designed by Brent Townsend. The two-dollar coin quickly acquired its own nickname, the "toonie".
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