Is the Stock Market Open on Thanksgiving Day 2026? TSX Hours
October 12
Is the Stock Market Open on Thanksgiving Day 2026? TSX Hours
Toronto Stock Exchange are closed on Monday, for Thanksgiving Day.
- Next holiday
- Christmas Eve
- Regular hours
- 9:30 am to 4:00 pm ET
Full schedule and background: TSX Holidays.
Updated
The Toronto Stock Exchange (TSX) is closed on Monday, October 12, 2026 for Thanksgiving Day, a statutory holiday observed across most of Canada. No equities trading, order matching or price updates will take place on the TSX or its junior venue, the TSX Venture Exchange, during what would normally be regular hours of 9:30 am to 4:00 pm ET. Any orders entered on the holiday will simply queue and be released for the next trading session, when the market reopens as usual. For the full list of dates the exchange takes off this year, see the TSX holidays calendar.
Because the TSX is shut, there is no settlement processing, no dividend record-keeping activity and no new price discovery for Canadian-listed shares on October 12. Investors holding TSX stocks, exchange-traded funds or options should expect the next price movement to occur only once trading resumes on Tuesday, October 13, 2026.
Which markets are closed on Thanksgiving Day 2026?
| Market | Status | Notes |
|---|---|---|
| TSX (equities) | Closed | Statutory Canadian Thanksgiving holiday |
| TSX Venture Exchange | Closed | Follows the same holiday schedule as the TSX |
| Montreal Exchange (derivatives) | Closed | Canadian derivatives market observes the same holiday |
| New York Stock Exchange and Nasdaq | Open (regular hours) | Thanksgiving Day is a Canada-only holiday; US markets trade normally |
| London Stock Exchange (LSE) | Open (regular hours) | Not a UK public holiday |
| Euronext | Open (regular hours) | No corresponding European holiday on this date |
| Tokyo Stock Exchange (TSE) | Open (regular hours) | No corresponding Japanese holiday on this date |
Because Canadian Thanksgiving falls in October, unlike the American version in November, it does not overlap with any major US, UK, European or Asian market closure. Investors trading a mix of Canadian and international shares should expect Canadian names to be frozen for the day while everything else continues to move.
Is the market open the day before and after?
The TSX trades a full regular session on Friday, October 9, 2026, the last trading day before the long weekend, and reopens for a full regular session on Tuesday, October 13, 2026. There is no early close scheduled either side of this holiday; the exchange runs its usual 9:30 am to 4:00 pm ET hours on both the Friday before and the Tuesday after. Canadian banks and most government offices are also closed on the Monday, though this does not affect the exchange’s own calendar, which is set independently by TSX’s parent, TMX Group.
Why do markets close for Thanksgiving Day?
Canadian Thanksgiving falls on the second Monday of October and marks a harvest festival tradition with roots going back to European settlers in Canada, formalised as a fixed national holiday by Canadian parliament in 1957. It is distinct from the American Thanksgiving holiday, which falls on the fourth Thursday of November and is when US exchanges close instead.
The TSX, like most national exchanges, aligns its trading calendar with the statutory holidays observed in its home jurisdiction, so that market infrastructure, clearing staff and brokers based in Canada are not required to work on a day when the wider economy is largely shut. This is consistent with how the New York Stock Exchange, the London Stock Exchange and other major venues set their own holiday schedules around locally observed public holidays rather than a single global calendar.
What It Means for Your Money
If you place an order for a TSX-listed stock on October 12, it will not execute that day. Most brokers accept the order but hold it in a queue, releasing it for matching only once the exchange reopens on Tuesday, October 13. Any trade that does execute on the Friday before the holiday will still settle according to the standard T+1 settlement cycle now used in Canadian and US markets, meaning a trade done on Friday settles on Monday even though the exchange itself is closed. This does not delay the settlement date; it simply means no new trading activity adds to the queue during the holiday.
Dividend payment dates and options expiry schedules that would otherwise fall on October 12 are typically shifted to the next business day by the relevant clearing bodies, so holders of TSX options or dividend-paying shares should check with their broker if an expiry or payment date coincides with the holiday. Canadian bank branches are closed on Thanksgiving Day, which can delay domestic wire transfers and bill payments processed through the banking system, though online transfers between accounts at the same institution usually still go through. Cryptocurrency markets, unlike the TSX, trade continuously and are unaffected by the holiday. Investors with pension holdings or managed funds invested in Canadian equities will simply see no price movement recorded for that day in their statements.
Remaining TSX holidays in 2026
- Christmas Eve (Early Close), December 24, 2026, closing at 1:00 pm ET
- Christmas Day, December 25, 2026, closed
- Boxing Day (In Lieu), December 28, 2026, closed
Frequently Asked Questions
Is the stock market open on Thanksgiving Day 2026 in Canada?
No, the Toronto Stock Exchange and TSX Venture Exchange are closed on Monday, October 12, 2026 for the statutory Thanksgiving holiday.
Is the bond market open on Canadian Thanksgiving?
The Montreal Exchange, which handles Canadian derivatives and is linked to fixed income trading infrastructure, is closed alongside the TSX on this date.
What time does the TSX close before the holiday?
The TSX runs its normal hours of 9:30 am to 4:00 pm ET on Friday, October 9, 2026, the last trading session before the long weekend, with no early close scheduled.
When is the next TSX market holiday after Thanksgiving?
The next scheduled holiday event is an early close on Christmas Eve, December 24, 2026, when the TSX closes at 1:00 pm ET, followed by a full closure on Christmas Day.
Are Canadian banks open on Thanksgiving Day?
Canadian bank branches are generally closed on Thanksgiving Day, which can delay in-branch services and some interbank transfers, though online banking within the same institution usually remains available.