Is the Stock Market Open on Christmas Eve 2026? TSX Hours
December 24
Is the Stock Market Open on Christmas Eve 2026? TSX Hours
Toronto Stock Exchange close early at 1:00 pm local on Thursday, for Christmas Eve (Early Close).
- Next holiday
- Christmas Day, December 25, 2026
- Regular hours
- 9:30 am to 4:00 pm ET
Full schedule and background: TSX Holidays.
Updated
The Toronto Stock Exchange (TSX) and TSX Venture Exchange close early at 1:00 pm local time (ET) on Thursday, December 24, 2026, for Christmas Eve. Regular trading hours resume the next open session. This is an early close, not a full closure, so trading takes place normally from 9:30 am until the 1:00 pm cut-off. Full details of all TSX closures and early closes this year are on the TSX Holidays calendar.
Orders placed after 1:00 pm on December 24 will not be filled until the market reopens. Because the exchange is fully closed the following day for Christmas Day, the next full trading session is not until after the holiday period, so trades executed late on December 24 and any orders queued for December 25 carry over accordingly.
Which markets are closed on Christmas Eve 2026?
| Market | Status | Notes |
|---|---|---|
| TSX equities | Early close | Closes at 1:00 pm ET instead of 4:00 pm |
| TSX Venture Exchange | Early close | Closes at 1:00 pm ET |
| TSX Alpha Exchange | Early close | Closes at 1:30 pm ET |
| Montréal Exchange (derivatives) | Early close | Markets close at 1:00 pm, with some products such as Basis Trade on Close settling at 12:30 pm and Sector Index Futures at 1:30 pm |
| NYSE and Nasdaq | Early close | US equity markets typically close at 1:00 pm ET on Christmas Eve when it falls on a weekday |
| SIFMA-recommended bond market (US) | Early close | US bond markets usually recommend a 2:00 pm ET close on Christmas Eve |
| London Stock Exchange (LSE) | Early close | The LSE typically closes early on Christmas Eve |
| Euronext | Early close | Euronext markets usually shorten trading hours on December 24 |
| Tokyo Stock Exchange (TSE) | Open (regular hours) | Japan does not observe Christmas as a market holiday |
Is the market open the day before and after?
Wednesday, December 23, 2026, is a regular full trading day on the TSX, with normal hours from 9:30 am to 4:00 pm ET. The exchange then closes early at 1:00 pm on Thursday, December 24. It is fully closed on Friday, December 25, 2026, for Christmas Day. Because December 26 falls on a Saturday, Boxing Day is observed on Monday, December 28, 2026, when the TSX is also closed. The next regular full trading session on the TSX after the early close is not until Tuesday, December 29, 2026.
Why do markets close for Christmas Eve?
Christmas Eve early closes are a long-standing convention across North American and European exchanges, allowing staff and traders to leave in good time before the Christmas holiday itself. Trading volumes are typically thin in the final hours before a holiday, so exchanges shorten the session rather than close entirely, keeping some liquidity available for investors who need to adjust positions before the market shuts fully for Christmas Day.
The practice reflects a broader pattern seen at year end, when several exchanges, including the TSX, also shorten hours on New Year’s Eve. It is a scheduling convention rather than a regulatory requirement, and exchanges confirm the exact early-close time each year through their official calendars.
What It Means for Your Money
If you place an order after 1:00 pm ET on December 24, it will simply wait in the queue and be processed when the market next opens for full trading. Settlement of Canadian equity trades generally follows a T+1 cycle, so a trade executed on December 24 should still settle within the normal timeframe, though the intervening holiday closures on December 25 and 28 can push the settlement date slightly later than usual. Dividend payment dates and options expiries scheduled around this period are unaffected by the early close itself, but investors holding options or futures contracts that expire near the holiday should check the specific cut-off times, since Montréal Exchange derivatives close earlier still. Canadian bank branches typically operate on their own holiday schedule rather than the exchange’s, so bank transfers and payroll processing may follow separate cut-off times around Christmas. Cryptocurrency markets are unaffected by exchange holidays and continue trading 24 hours a day, seven days a week.
Remaining TSX holidays in 2026
- Christmas Day, closed, Friday, December 25, 2026
- Boxing Day (observed), closed, Monday, December 28, 2026
Frequently Asked Questions
Is the stock market open on Christmas Eve 2026?
Yes, the TSX is open on December 24, 2026, but it closes early at 1:00 pm local time instead of the usual 4:00 pm.
Is the bond market open on Christmas Eve?
Canadian and US bond markets typically follow their own early-close recommendations on Christmas Eve, often closing a little later than the equity market, around mid-afternoon.
What time does the TSX close on December 24, 2026?
The TSX and TSX Venture Exchange close at 1:00 pm ET, while TSX Alpha Exchange closes at 1:30 pm ET.
When is the next TSX market holiday after Christmas Eve?
The next holiday is Christmas Day on December 25, 2026, when the TSX is fully closed, followed by the Boxing Day observance on December 28, 2026.
Are Canadian banks open on Christmas Eve?
Most Canadian bank branches operate on reduced hours or their own holiday schedule around Christmas Eve, which can differ from the stock exchange’s early close.