Do you know we don't have bills for $1.o0 and $2.00 any longer? We haven't for some time. We have a large coin for each about the size of a silver dollar. The $1.00 coin has a loon on it. We have loons on most of our lakes so I guess its a favourite bird, water bird anyway. Therefore EVERYONE knows the $1.00 coin as a "Loonie". You don't say "do you have a dollar?" You say "do you have a loonie?"
Our $2.00 coin has a polar bear on it. I don't know exactly why that bear was chosen. It makes it sound indeed like we all live in igloos and have polar bears cruising around the igloo. I remember when they had a contest deciding what would be put on the $2.00 coin. At any rate it is only fair that it is officially called a "Toonie". It rhymes with Loonie and it is "two" dollars.
A typical conversation we all have at some point is... "I have a toonie can you give me 2 loonies". So if you come visiting to Canada you now know the money lingo.... Love Judi xoxo