Loonie

When we write about the loonie, we're not talking about the craziness of the market. The "loonie" is a nickname for the Canadian dollar (CAD), the official currency of Canada. The name "loonie" comes from the image of a loon on the one-dollar coin. A loon is a duck-like aquatic bird that's revered for its call.

The loonie is closely tied to the price of oil, which is one of Canada's major exports. As a result, changes in the price of oil can have a significant impact on the value of the Canadian dollar. It's also considered as a major currency in the foreign exchange market and is widely traded.

Be careful not to mis-spell or refer to it as the looney, or you'll surely be exposed as a noob.