Tuesday, December 18, 2018
Home > Glossary Item > Loonie

Loonie

An informal term that refers to a $1 Canadian coin, the term loonie is commonly used by forex traders in reference to the Canadian dollar in forex markets. The term loonie acquired its name from the picture of a loon (a bird native to Canada) on one side of the coin.

Leave a Reply

Your email address will not be published. Required fields are marked *