This page lists the days the Toronto Stock Exchange is closed this year, its regular trading hours, and how its holidays line up with the US markets. For how to place a trade once the market is open, see how to buy stocks in Canada; every other guide in this section is listed in the Canadian stocks hub.
2026 TSX Market Holidays
| Holiday | Date | TSX Status | US Markets |
|---|---|---|---|
| New Year’s Day | Thursday, January 1 | Closed | Closed |
| Family Day (Ontario) | Monday, February 16 | Closed | Closed (Washington’s Birthday) |
| Good Friday | Friday, April 3 | Closed | Closed |
| Victoria Day | Monday, May 18 | Closed | Open |
| Canada Day | Wednesday, July 1 | Closed | Open |
| Civic Holiday | Monday, August 3 | Closed | Open |
| Labour Day | Monday, September 7 | Closed | Closed |
| Thanksgiving (Canada) | Monday, October 12 | Closed | Open |
| Christmas Day | Friday, December 25 | Closed | Closed |
| Boxing Day | Monday, December 28 (observed) | Closed | Open |
These are the 2026 dates published by TMX Group, which also apply to the TSX Venture Exchange. US market status is from the NYSE’s 2026 holiday calendar.
TSX Early Closure Days
| Date | Reason | Closing Time |
|---|---|---|
| Thursday, December 24 (Christmas Eve) | Christmas | 1:00 PM ET |
Christmas Eve is the only early close on the TSX’s 2026 calendar.
TSX Trading Hours
| Session | Time (Eastern) | Description |
|---|---|---|
| Pre-open | 7:00 AM to 9:30 AM | Orders can be entered, but nothing trades until the 9:30 AM open |
| Regular (continuous) trading | 9:30 AM to 4:00 PM | Full trading session; the closing auction runs from 3:50 PM |
| Extended trading session | 4:15 PM to 5:00 PM | Orders trade only at the day’s last sale price |
TSX vs US Market Holidays
| Holiday | TSX | NYSE/NASDAQ |
|---|---|---|
| New Year’s Day | Closed | Closed |
| Martin Luther King Jr. Day | Open | Closed |
| Family Day / Presidents’ Day (same Monday) | Closed | Closed |
| Good Friday | Closed | Closed |
| Victoria Day | Closed | Open |
| Memorial Day | Open | Closed |
| Juneteenth (June 19) | Open | Closed |
| Canada Day | Closed | Open |
| Independence Day (observed Friday, July 3, in 2026) | Open | Closed |
| Civic Holiday | Closed | Open |
| Labour Day | Closed | Closed |
| Thanksgiving (Canada, October) | Closed | Open |
| Thanksgiving (US, November) | Open | Closed |
| Christmas Day | Closed | Closed |
| Boxing Day | Closed | Open |
What Happens When TSX Is Open but US Is Closed
| Impact | Details |
|---|---|
| US-listed stocks | Cannot trade on NYSE/NASDAQ |
| Cross-listed stocks (e.g., SHOP, RY) | Trade on the TSX only, without the US market setting prices alongside |
| US ETFs held in Canadian accounts | Cannot trade until US market reopens |
| Canadian-listed US ETFs (VFV, XUS) | Trade on the TSX while their US holdings are not trading, so spreads can be wider |
Other Canadian Exchanges
| Exchange | Trading Hours (ET) | What Trades |
|---|---|---|
| TSX (Toronto Stock Exchange) | 9:30 AM to 4:00 PM | Senior companies, ETFs |
| TSX Venture Exchange (TSXV) | 9:30 AM to 4:00 PM | Early-stage companies |
| Canadian Securities Exchange (CSE) | 9:30 AM to 4:00 PM | Mostly small and emerging companies |
| Cboe Canada (formerly the NEO Exchange) | 9:30 AM to 4:00 PM | ETFs, Canadian Depositary Receipts (CDRs) and stocks |
| Montréal Exchange (MX) | Equity options 9:30 AM to 4:00 PM; futures sessions are longer and vary by contract | Options and futures |
Tips for Trading Around Holidays
| Tip | Why |
|---|---|
| Avoid trading on half-days | Lower liquidity, wider spreads |
| Check settlement dates | T+1 settlement means trades before a long weekend settle after |
| Don’t use market orders on thin days | Wider spreads can cause slippage |
| Verify US market status | US-dollar trades on the TSX settle on a special schedule around US market holidays |
| Set limit orders | Protect against unexpected price gaps around holidays |
What happens to your ETF price on a TSX holiday?
When the TSX is closed but a foreign market is open (e.g., Victoria Day in Canada), ETFs holding international assets show no price movement on the TSX, even though their underlying holdings are trading. The difference is caught up when the TSX reopens.
Practical implications:
- A Canadian ETF holding S&P 500 stocks (like VFV) will not update its TSX price on Victoria Day, even though US markets are open and US stocks are moving
- The next morning when the TSX reopens, the ETF price will gap to reflect the US market moves from the prior day
- This is normal: the gap reflects price moves that already happened in the holdings, not a new gain or loss
Settlement dates and long weekends: Canadian trades settle 1 business day after the trade (T+1). If you sell on the Friday before a long weekend, the next business day is the Tuesday, so the cash settles four calendar days later. For time-sensitive transactions (e.g., mortgage payments, RRSP deadlines), account for settlement timing.
TSX vs TSX Venture Exchange (TSXV)
The TSX (Toronto Stock Exchange) and the TSX Venture Exchange (TSXV) share the same holidays and trading hours. Both are operated by TMX Group. The TSX lists senior companies plus most Canadian ETFs; the TSXV lists smaller, early-stage companies. As of August 31, 2026, according to TMX:
| Exchange | Listed issuers | Total market cap |
|---|---|---|
| TSX | 2,272 (including 1,412 ETFs and other exchange-traded products) | $7,253.3 billion |
| TSXV | 1,496 | $142.2 billion |
Related Resources
Sources
The figures and rules on this page come from these sources, last checked against them between September 25, 2026 and September 26, 2026. How we check facts.
- BMO InvestorLine: T+1 (New Trade Settlement Date) FAQs
- TMX Group: TMX TSX | TSXV | Calendar