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
Commemorative coins of Canada the Voyageur one dollar coin, was issued in 1935 to commemorate the twenty-five years of King George V's reign. It featured a voyageur (French-Canadian fur trader) and an indigenous man, paddling a birch-bark canoe laden with furs, with the northern lights in the background. Although intended as a commemorative coin, it continued to be issued until 1986, the year before the Loonie was introduced. For information on the Voyageur dollar, see: Voyageur dollar. In 1987, the Mint introduced a new one dollar coin. It normally features a loon on the reverse. Nicknamed the "loonie", it replaced both the one dollar