Definition of Loonie
Slang term for the Canadian Dollar (CAD) or USD/CAD pair. Named after the common loon depicted on the Canadian one-dollar coin.
At a glance
Term
Loonie
URL slug
loonie
Category
Pricing & quotes
Short answer
Slang term for the Canadian Dollar (CAD) or USD/CAD pair.
Deep dives
Full A–Z glossary
Example
Apply the definition: restate “Loonie” in one sentence tied to your next trade (symbol, direction, size, stop). If you cannot, re-read the definition above.
Common mistake
Common mistake: using “Loonie” as loose slang while your broker/platform specification defines it more narrowly.
Professional tip
Tip: bookmark this “Loonie” page and reopen it when reading broker specs so definitions stay consistent.
Practice tools:
Related terms
FAQ
Slang term for the Canadian Dollar (CAD) or USD/CAD pair.
Knowing the precise definition of “Loonie” prevents platform and broker-spec mistakes—a common source of size and cost errors.
Common mistake: using “Loonie” as loose slang while your broker/platform specification defines it more narrowly.