Forex commentators commonly refer to the Canadian Dollar as the "Loonie" after the picture of the Canadian national bird known as the Loon on the one C$ dollar coin.

Nevertheless, professional interbank traders will often ask for a price in "Funds" or "the Funds" when they wish to refer to USD/CAD.

This latter name arises due to the fact that the currency pair generally trades for value one business day in the future or for funds, not for value spot or two business days like most other currency pairs.