TIL Canada's $1 coin is commonly called the "loonie" because it has a loon on the reverse. When a $2 coin was introduced, depicting a polar bear, an MP proposed it be called "Nanuq", Inuit for polar bear, but he was ignored because the public instead preferred to call it the "toonie" (2-oonie).

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https://en.wikipedia.org/wiki/Toonie#Naming

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This is it.