Equity markets to remain open on new federal holiday

Equity markets will open on Canada’s new National Day for Truth and Reconciliation, while fixed-income markets will shutter, the TMX Group said Wednesday.

The exchange said its equity markets — including the Toronto Stock Exchange (TSX), TSX Venture Exchange and TSX Alpha Exchange — will all be open for trading with regular hours on the new statutory federal holiday Sept. 30.

The holiday is being established to “honour First Nations, Inuit and Métis Survivors and their families and communities and to ensure that public commemoration of their history and the legacy of residential schools remains a vital component of the reconciliation process,” the legislation establishing the holiday explained.

The Bourse de Montréal Inc. said its equity derivatives markets will be open for trading too, but that fixed-income trading will be closed in observance of the day.

While the exchange will be open for trading as usual, the TMX Group also said it’s planning a market ceremony to observe the day.

Staff

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