What is Toonie?
1.
Canadian two dollar coin.
Derives from combining
"Coffee costs $1.35. If you give me a toonie, I'll give you 65 cents back."
"Got two loonies for this toonie?"
2.
Toongabbie - a suburb in the western suburbs of Sydney, Australia
"Since they demolished the Picadilly, there's nowhere to shop in Toonie"
See