The Canadian government is declaring Monday a federal holiday for the funeral of Queen Elizabeth II, Prime Minister Justin Trudeau said.
(Bloomberg) — The Canadian government is declaring Monday a federal holiday for the funeral of Queen Elizabeth II, Prime Minister Justin Trudeau said.
Federally-regulated companies including banks, life insurers, telecommunications companies and transportation firms won’t be required to close, Labor Minister Seamus O’Regan said on Twitter.
An official with the Investment Industry Association of Canada said the organization did not have information yet on whether it would recommend closing bond and money markets. TMX Group Ltd., operator of the Toronto Stock Exchange, said it would provide an update later on whether equity trading would be shut down for the holiday.
Details of the holiday are still being finalized and the federal government is working with provincial governments “to try and see that we’re aligned on this,” Trudeau said.
The British monarch is Canada’s head of state.
“Declaring an opportunity for Canadians to mourn on Monday is going to be important, so for our part we will be letting federal employees know that Monday will be a day of mourning where they will not work,” Trudeau said, speaking to reporters at a Liberal caucus retreat in New Brunswick.
Some provinces automatically align their holidays with federal ones, while other provinces do so on a case-by-case basis.
Quebec Premier François Legault — who is in the middle of a re-election campaign in the majority French-speaking province — quickly ruled out making Monday a provincial holiday.
(Updates with new information in the second paragraph)
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