 It is divided into 100 cents (¢).Owing to the image of a loon on its back, the dollar coin, and sometimes the unit of currency itself, are sometimes referred to as the "loonie" by English-speaking Canadians and foreign exchange traders and analysts.Accounting for approximately 2% of all global reserves, the Canadian dollar is the fifth most held reserve currency in the world, behind the U.S. dollar, the euro, the yen and the pound sterling.