Canada's $1 coin, or loonie, makes its debut
Why the name? 'Because of the loon on one of its sides'
Canada's $1 coin quickly became known as the loonie almost as soon as it entered circulation in June 1987.
But the change was inevitable, as the Canadian government saw big savings in having coins that lasted years, rather than bills that needed frequent replacing.
Before long, the now-familiar loonie could be found jingling in Canadians' pockets, piling up in pop machines and hiding under couch cushions across the country.