Definition of loonie
: a coin worth one Canadian dollar
Recent Examples of loonie from the Web
Some of May’s biggest sales were from foreign companies taking advantage of lower unhedged funding costs in the loonie, as the Bank of Canada kept policy unchanged while the Federal Reserve tightened.
Read the inside story on Canada’s attempts to contain the fallout from Home Capital Home Capital’s meltdown has shaken confidence in Canadian markets, weakening bank stocks and helping send the loonie to a 14-month low against the U.S. dollar.
Enter Home Capital: analysts including those at BlackRock Inc. and Edward Jones & Co. warn that contagion from Home Capital could spill out into the wider economy, further hurting the loonie.
The loonie slid 0.5% against the U.S. dollar, after touching its lowest level since February 2016 earlier in the day.
This oil-rich region would subsequently become a driving economic force for the country, until low global oil prices caused the the loonie (the Canadian dollar) to crash.
The best thing about the rally, for me, was that for the first time in quite a while, my feeling of being the only sane person in a ward full of loonies abated.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'loonie'. Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
Origin and Etymology of loonie
from the image of a loon on the obverse of the coin
First Known Use: 1987See Words from the same year
LOONIE Defined for English Language Learners
Definition of loonie for English Language Learners
: a coin that is worth one Canadian dollar
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