I was reading a news story recently about the value of the Canadian dollar (it was approaching par with it's American counterpart - a rare development) and I couldn't help but wonder if our currency is the laughing stock of international money markets. Not because of it's value, but because of it's name. Think about it. The Brits have their pound. The Japanese their yen and the Americans their dollar. But in Canada we have our "loonie". That's right, our dollar is named after a bloody bird - and not even an exotic one. Our currency is named after the common Canadian loon.
And it's not even paper; it's a coin. Which makes for heavy pockets and purses. Couple this with the fact that the Canadian $2 is only available in coin - it's called the "toonie" - Canada is a nation of men with droopy pants and women with bad backs. My wife recently cleaned out her change purse and found $35 in pennies, nickles, dimes, quarters, loonies and toonies. She's been happily walking upright ever since.
And what's with who we put on the face of our dollar? The Americans have a former president on theirs - an appropriate sign of respect for a past leader. Given what we call our currency, I don't think the same practice in Canada would be a sign of respect. But it might be accurate!