The iconic loonie, which features a Canadian loon on the reverse of the original gold coin, first began circulating across Canada in 1987, after replacing the Canadian one-dollar bill. While the $1 coin is still very much in circulation, the Royal Canadian Mint released a new $1 coin made up of 99.99% pure silver.
Yen has a notable bounce in Asian session today, fueled by a Nikkei report suggesting that BoJ is finally near to the end its negative interest rate policy. This policy shift, which could see interest rates rise as early as the first half of next year, hinges on the outcomes of spring labor-management negotiations and consumer spending development. Such a move, if realized, would mark a major shift in monetary policy, being the first interest rate hike in 17 years.
The Royal Canadian Mint has rolled out a brand new $2 coin in celebration of the 100th anniversary of the birth of Canadian artist Jean Paul Riopelle. The $2 colourized special wrap roll features two geese from one of Riopelle's masterpieces, L’Hommage à Rosa Luxemburg. Each colourized special wrap roll contains 25 $2 coins, all of which bear a selectively coloured reverse, which per the Royal Canadian Mint, "captures the spirit of both the original art and the artistic genius behind it."