Loonie the banknote forced acceptance of the coin. The loonie has subsequently gained iconic status within Canada, and is now regarded as a national symbol. The term "loonie" has since become synonymous with the Canadian dollar itself. The town of Echo Bay, Ontario, home of Robert-Ralph Carmichael, erected a large loonie monument in his honour in 1992 along the highway, similar to Sudbury's 'Big Nickel'. Officials for the 2002 Salt Lake Winter Olympics invited the National Hockey League's ice making consultant, Dan Craig, to oversee the city's E Center arena, where the ice hockey tournament was being held. Craig invited a
Trillion dollar coin announced they would not mint a platinum coin, and five days later, Senate Minority Whip John Cornyn (R-Texas) announced that Senate Republicans would end their threat to block an increase in the debt ceiling. The Federal Reserve's purchase of the trillion dollar coin would be largely analogous to the securities purchases that are part of quantitative easing (QE), in both cases adding to the monetary base, which is the sum of currency in circulation and bank reserves. In the case of the coin, commercial bank reserves would increase as the Treasury spent the proceeds from the coin's purchase by the