Real coins·28 March 2026·4 min read
The Canadian dollar — the "loonie" and northern gold
Canada's currency, nicknamed the "loonie" after the bird on it, is closely tied to the country's natural wealth.
The Canadian dollar is nicknamed the "loonie" after the loon engraved on the one-dollar coin. Canada is also one of the largest producers of gold and bullion coins (the Maple Leaf).
A resource currency
The Canadian dollar's value often moves with the price of oil and raw materials. It's an example of a currency tied to what a country produces — not just trust, but real wealth.
