# Loonie (also in German)

- Canonical URL: https://www.gerhardmerk.de/loonie-also-in-german
- Post ID: 593687
- Modified: 2023-07-25T21:02:53+00:00
- Language: en

## Definition

In financial parlance - the Canadian one-dollar coin (a gold-colored bronze-plated coin, introduced in 1987; it bears images of a common loon, a well-known Canadian bird, on the reverse, and of Queen Elizabeth II on the face). - Government bonds of the Canadian federation. - During the Greek crisis in spring 2010, investment advisors recommended buying such securities. Admittedly, the market for these securities is relatively narrow; in June 2010, it had a volume of CAD 380 billion (about EUR 303 billion). This is less than one tenth of the market for US bonds. Even the - only partially valid - reference to the CAD as a "raw material based currency" for Canada's bonds does not change this fact. - By the way, the term Loonie - also as a nickname for Canadians in general - is not to be associated with "crazy" (in this case written: loony), as can often be read. Rather, it derives from the image of a loon (in zoological classification a member of the genus Gavia, family Gaviidae), a swimming and diving bird common in Canada in many species, depicted on the back of the CAD. - See Aussie, Kiwi. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

- Generator: Merk Knowledge 1.1.1