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When the coin was introduced a number of nicknames were suggested. Runners up included the 'bearly', the 'deuce' and the 'doubloonie'. A joke refers to the coin as 'The Queen with the Bear Behind'. Another joke pokes fun at the poor Canadian dollar to American dollar exchange rate by suggesting that the coin be called 'an American dollar'.
Despite the name being unofficial, even the Government of Canada uses "toonie" in Citizenship and Immigration Canada's Newcomer Guide. [1]
See: Canadian dollar, Canadian English