What is a toonie?

A toonie is a $2 Canadian coin. It is of bimetallic design with the image of Queen Elizabeth II on the obverse side and a polar bear on the reverse side.

The $1 Canadian coin is known as a loonie since it bears the image of a common loon, which is a type of bird, on the reverse side. The name toonie for the $2 coin comes from the combination of the words "two" and "loonie," indicating that the $2 coin has the same value as two loonies. The toonie was introduced in 1996 and has been in production ever since.