a loonie is a canadian one dollar coin. a twoniie (toonie) is a two dollar coin. we no longer have paper bills for one and two dollar denominations. we may be looking at a 5 dollar coin soon...We have just had a new two dollar coin circulated with Terry Fox on it. the first time any one other than the quuen has been on a canadian coin that is in circulation.
http://canadaonline.about.com/od/cur...rryfoxcoin.htm