Is the Stock Market Open on Christmas Day 2026? TSX Hours
December 25
Is the Stock Market Open on Christmas Day 2026? TSX Hours
Toronto Stock Exchange are closed on Friday, for Christmas Day.
- Next holiday
- Boxing Day
- 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 Friday, December 25, 2026 for Christmas Day. The TSX Venture Exchange, TSX Alpha Exchange and the Montreal Exchange follow the same schedule. No orders will be filled and no trades will settle on this date. Any orders queued on December 25 will be held and processed when trading resumes on the next business day. See the full TSX holiday calendar for the rest of 2026.
Because December 26, 2026 falls on a Saturday, the Boxing Day holiday is observed in lieu on Monday, December 28, 2026, so Canadian markets are closed for two trading days in a row over the holiday period.
Which markets are closed on Christmas Day 2026?
| Market | Status | Notes |
|---|---|---|
| TSX and TSXV equities | Closed | Christmas Day holiday |
| TSX Alpha Exchange | Closed | Follows TSX schedule |
| Montreal Exchange (derivatives) | Closed | Options and futures markets closed for the holiday |
| NYSE and Nasdaq (US equities) | Closed | Christmas Day is also a US federal market holiday on December 25, 2026 |
| US bond market (SIFMA) | Closed | Recommended full close |
| London Stock Exchange (LSE) | Closed | Christmas Day bank holiday in the UK |
| Euronext | Closed | Christmas Day holiday across Euronext venues |
| 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?
On Thursday, December 24, 2026 (Christmas Eve), the TSX and TSXV close early at 1:00 pm ET instead of the usual 4:00 pm ET close. Regular hours on that day still start at 9:30 am ET. Once markets close early on December 24, they stay closed on December 25 for Christmas Day, and remain closed on Monday, December 28, 2026 for the Boxing Day holiday observed in lieu (because the actual date, December 26, falls on a Saturday). Normal trading, running 9:30 am to 4:00 pm ET, resumes on Tuesday, December 29, 2026.
Why do markets close for Christmas Day?
Christmas Day is a statutory holiday across Canada, and exchanges close so that staff, brokers and clearing houses can observe the public holiday along with the rest of the country. Closing avoids thin, illiquid trading on a day when most market participants, corporate desks and support services are unavailable.
The extended closure into Boxing Day (or its observed date when the 26th falls on a weekend) reflects a long-standing Canadian convention of treating the days around Christmas as a single holiday block for financial markets, similar to practice on the London Stock Exchange.
What It Means for Your Money
If you place an order through a Canadian broker on December 25 or 28, 2026, it will simply sit in the queue and execute when the market reopens on December 29. Trades that do execute on December 24 will settle one business day later under the standard T+1 settlement cycle, so plan around the holiday closures if you need funds or shares to settle by a specific date. Dividend record dates and options expiries scheduled near the holiday are typically shifted to account for the closures, so check the specific security’s calendar rather than assuming a standard timetable. Canadian banks generally operate on their own holiday schedule, which usually mirrors the exchange closures on December 25 and the observed Boxing Day, so in-branch banking and some transfers may be delayed, though online payments and direct deposits (including payroll near year end) can still be affected by processing cut-offs. Cryptocurrency markets, unlike the TSX, trade continuously through the holiday since they are not tied to a physical exchange’s opening hours.
Remaining TSX holidays in 2026
- Boxing Day (In Lieu), Monday, December 28, 2026
Frequently Asked Questions
Is the stock market open on Christmas Day 2026?
No. The TSX, TSXV, TSX Alpha and Montreal Exchange are all closed on Friday, December 25, 2026, along with US markets including the NYSE and Nasdaq.
Is the bond market open on Christmas Day 2026?
No. The Canadian and US bond markets, including SIFMA-recommended hours, are closed for Christmas Day.
What time does the TSX close on Christmas Eve 2026?
The TSX and TSXV close early at 1:00 pm ET on Thursday, December 24, 2026, ahead of the Christmas Day holiday.
When is the next TSX market holiday after Christmas?
The next closure is Boxing Day (In Lieu) on Monday, December 28, 2026, since the actual Boxing Day date falls on a Saturday.
Are Canadian banks open on Christmas Day?
Most Canadian banks close their branches on December 25 and typically also on the observed Boxing Day holiday, though online and mobile banking services generally remain accessible.