The Royal Canadian Mint produces a variety of coins, including the iconic 'Loonie, ' which is a one-dollar coin featuring a loon on the reverse side. The term 'Loonie' is derived from the bird featured on the coin and has become a popular nickname for the Canadian dollar. The Royal Canadian Mint also produces two-dollar coins, known as 'Toonies, ' which feature a polar bear on the reverse side. Both the Loonie and Toonie are legal tender in Canada and are widely accepted as payment.