Canadian banks to remain open on Monday September 19
The Canadian Bankers Association (CBA) said banks will remain open for normal hours on Monday during the new federal holiday honouring the funeral of Queen Elizabeth II.
The organization said it is committed to having “predictable” service for Canadians.
“By keeping the banking system open, banks ensure the continuous functioning of payroll for workers, scheduled bill payments, child support, and mortgage closings,” the association said in a press release Wednesday.
Canadian banks aren’t the only organization that will be functioning business as usual.
TMX Group Ltd., operator of the Toronto Stock Exchange, said the TSX, TSX Venture Exchange and TSX Alpha Exchange will have normal trading hours on Monday.
SOME PROVINCES OPT OUT OF HOLIDAY
Only some provinces are following the federal holiday next week.
Ontario Premier Doug Ford said he will not declare Monday a public holiday for the Queen’s funeral next week. Instead, the province will have a day of mourning.
“We encourage all Ontarians to use this day to honour Her Majesty and pay tribute to the extraordinary legacy she leaves behind,” Ford said in a statement.
Saskatchewan Premier Scott Moe said the province will view September 19 as a “day in tribute and commemoration of Queen Elizabeth II,” but it will not be a designated provincial public statutory holiday.
In Manitoba, Premier Heather Stefanson said the province will recognize the day of mourning, however, only non-essential government services and offices will be closed for the day.
Quebec Premier François Legault said there will be a day of commemoration, however, the province won't have a public holiday for the Queen’s funeral.
British Columbia, Nova Scotia, New Brunswick, Prince Edward Island and Newfoundland and Labrador will recognize the holiday, closing provincial government offices and public schools for the day.
The holiday in these provinces will only apply to provincially regulated workers.
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