Loonie with a Robert-Ralph Carmichael design of a common loon floating in water. The coin was immediately nicknamed the "loonie" across English Canada, and became known as a "huard", French for "loon", in Quebec. The loonie entered circulation on June 30, 1987, as 40 million coins were introduced into major cities across the country. Over 800 million loonies had been struck by the coin's 20th anniversary. Two years after the loonie's introduction, the Bank of Canada ceased production of the dollar banknote. The final dollar bills were printed on June 30, 1989. Initial support for the coin was mixed, but withdrawing
Trillion dollar coin the other hand, many economists and business analysts endorsed the coin as a way to counter threats by congressional Republicans to force the country into default by refusing to raise the debt limit. Paul Krugman said "So minting the coin would be undignified, but so what? At the same time, it would be economically harmless — and would both avoid catastrophic economic developments and help head off government by blackmail." He also declared the trillion dollar coin debate to be "the most important fiscal policy debate of our lifetimes". Michael Steel, spokesperson of House Speaker John Boehner, dismissed the concept