One of the mysteries of the English language finally explained.
A Canadian one-dollar coin, introduced in 1987.
- ‘I supposed it was good that he'd paid because I only had a loonie and a dime in my pocket.’
- ‘The central bank wants to help keep a lid on the loonie, which jumped by a dramatic 20 per cent last year, driven in part by the sizeable gap between interest rates here and in the United States coupled with weakness in the U.S. economy.’
- ‘The value of the loonie discouraged 17 per cent of Canadians from travelling outside the country while one per cent did not know or refused to answer.’
- ‘A loonie is a Canadian one dollar coin, on which is pictured a common loon.’
- ‘Without a doubt, the loonie's sharp appreciation has somewhat eroded the competitiveness of Canada's export sector.’
From loon (because of the image on the coin) + -ie.
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