CANADIAN, EH ?
In Canada, it is helpful to know the names for our different types of currency. For example, the coins are referred to as follows :
$.01 – penny
$.05 – nickel
$.10 – dime
$. 25 – quarter
$1.00 – loonie
$2.00 – toonie
Do you know why the one dollar coin is called the loonie? Take a look at a one dollar coin and you will see a picture of a bird on the front. That bird is known as a loon. This is how the coin became known as the loonie. The two dollar coin got its nickname from a combination of "two" and "loonie".
Note that the word loony (pronounced the same as loonie) is a slang expression which means crazy, strange or eccentric, so sometimes people will make jokes about the coin which refer to this meaning.
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