loonie : Definition, Usages, News and More

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loonie


  • n  the basic unit of money in Canada

  • If Canadians didn't want us to make fun of their traditionally weak currency, why did they call it the loonie? A year ago, the joke was on us a Canadian dollar was actually .
  • Economist David Rosenberg, of investment firm Gluskin Sheff Associates in Toronto, says Canada's trade deficit is the result of an overvalued loonie bumping up against a .
  • And Canada's strengthening loonie has shed its huge cost advantage to the dollar.
Quotes

  • Alan Greenspan in Reuters
    There has been some fall in the US dollar, but nothing even remotely related to how rapidly the Canadian dollar has surged,Greenspan said in an interview broadcast on CBC radio. "What has effectively impacted Canada's loonie is essentially...
  • Buzz Hargrove in 940 News
    The Bank of Canada made a serious error in raising interest rates this summer, as our loonie was soaring to such destructive heights,Hargrove said. "Now it is starting to unwind those actions, but it must go further."
  • Pierre Boivin in SportingNews.com
    Any time you've got a dollar that is at parity when a sport is being played in two countries, it evens out the playing field,Montreal Canadiens president Pierre Boivin said. "The [loonie is] at 93, 94 cents today -- let's hope that it...

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