Carlton wrote in USMA 17015: >That's how Canada phased out the $1 bill -- but of course the $2 bill was >always much more widely used there anyway.
Shortly after the one dollar coin was established in Canada, the two-dollar bill was replaced by a two-dollar coin by the same process. That is, $2 bills were accepted by the banks, but only $2 coins were paid out. The $1 coin is known popularly as the "loonie" because it has a loon on its back side. That has led to the $2 coin being called a "toonie". Joseph B.Reid 17 Glebe Road West Toronto M5P 1C8 TEL. 416-486-6071
