Canada Declares Holiday to Honor Queen But TSX Stays Open (3)

The Canadian government has declared Monday a federal holiday for the funeral of Queen Elizabeth II, but financial markets will function normally.

TMX Group Ltd., operator of the Toronto Stock Exchange, said the main exchange, the TSX Venture Exchange and TSX Alpha Exchange will follow normal trading hours on Sept. 19. Payments Canada, which runs the country’s payment clearing and settlement infrastructure, said it will be fully operational on the day.

The Bank of Canada, however, is rearranging its bond auction schedule. A planned 10-year bond auction on Monday will be moved to Sept. 22. A scheduled 5-year bond ...