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June 25, 2021

CFEC recommendations on dating conventions for foreign exchange contracts in light of new national holiday

In light of the newly-introduced National Day for Truth and Reconciliation holiday, and the closure of payment clearing and settlement systems, the Canadian Foreign Exchange Committee (CFEC) recommends that any existing forward foreign exchange contracts scheduled to settle on September 30, 2021 should be renegotiated to settle on September 29, 2021 instead.
June 25, 2021

Bank of Canada to be closed in observance of National Day for Truth and Reconciliation on September 30, 2021

In observance of National Day for Truth and Reconciliation—a new national holiday to commemorate the tragic history and lasting effects of Canada’s residential school system, and to honour Indigenous survivors and their families and communities—the Bank of Canada, as a federally regulated workplace, will be closed on September 30, 2021.
Content Type(s): Press, Market notices
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