Loonie often discuss the rate at which the "loonie" is trading against other currencies. The nickname "loonie" became so widely recognized that in 2006, the Royal Canadian Mint secured the rights to it. When the Canadian two-dollar coin was introduced in 1996, it was in turn nicknamed the "toonie" (a portmanteau of "two" and "loonie"). Canada first minted a silver dollar coin in 1935 to celebrate the 25th anniversary of George V's reign as king. The voyageur dollar, so named because it featured an Indigenous person and a French voyageur paddling a canoe on the reverse, was minted in silver until
Voyageur dollar circulating dollar coin. To encourage circulation, the size was to be reduced, the colour was to be changed, and the one-dollar note eliminated from circulation. The Voyageur design was to be used. However, a set of dies depicting the design was lost in transit. To eliminate the risk of counterfeiting, an alternate design, featuring a loon, was used. This became known as the loonie. In 2003, in special proof sets honouring the fiftieth anniversary of the coronation of Queen Elizabeth II, the Voyageur design was struck again in sterling silver in a limited edition of 30,000. In 2017, the Royal