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Family Canada stock markets to stay open Monday on Queen's funeral holiday

00:21  19 september  2022
00:21  19 september  2022 Source:   reuters.com

Remembering Her Majesty Queen Elizabeth II: 1926 – 2022

  Remembering Her Majesty Queen Elizabeth II: 1926 – 2022 Royal historian Carolyn Harris looks back at the incredible life and legacy of Queen Elizabeth II and her special relationship with Canada. The post Remembering Her Majesty Queen Elizabeth II: 1926 – 2022 appeared first on Reader's Digest Canada.It was 1947, and Elizabeth was on her first overseas tour, visiting South Africa and what is now Zimbabwe with her parents King George VI and Queen Elizabeth (later the Queen Mother) and her younger sister, Princess Margaret. The speech became one of the iconic moments in Elizabeth’s life, quoted during the major milestones of her reign, and performed by Claire Foy during the third season of The Crown on Netflix.

The facade of the original Toronto Stock Exchange building is seen in Toronto © Reuters/Chris Helgren The facade of the original Toronto Stock Exchange building is seen in Toronto

TORONTO (Reuters) - Canadian stock markets will operate regular hours on Monday even as the country marks a federal holiday on the day of Queen Elizabeth's funeral, but the central bank has rescheduled a bond auction planned for the day.

Canadian Prime Minister Justin Trudeau declared Monday a federal holiday to mourn the monarch's death but many provinces, including the two most populous, Ontario and Quebec, have decided to keep schools and other provincially-regulated institutions open.

Federally-regulated companies including banks, life insurers, telecommunications and transportation firms won't be required to close, Labor Minister Seamus O'Regan said.

King Charles wants the UK to enter a 'period of mourning' ahead of the Queen's funeral. It's unclear what that will look like.

  King Charles wants the UK to enter a 'period of mourning' ahead of the Queen's funeral. It's unclear what that will look like. The Queen's death has triggered a period of royal mourning that will last until a week after her funeral, according to a statement from King Charles.In a statement sent to Insider, Buckingham Palace said the Queen "died peacefully at Balmoral" in the afternoon, ending her 70-year reign. King Charles III — as he will now be known alongside Camilla, the Queen consort — said the death marked "a moment of the greatest sadness for me and all members of my family.

Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange and Montréal Exchange will be open for trading, TMX Group Ltd., operator of the Toronto Stock Exchange, said on Sunday.

The Bank of Canada said it will move Monday's planned 10-year bond auction to Thursday, while a 5-year bond auction scheduled for Sept. 22 will now be held on Sept. 26.

Payments Canada, which runs the country's payment clearing and settlement infrastructure, will be fully operational on Monday, and the central bank said it will conduct Securities Repo Operations and Overnight Reverse Repo Operations.

The central bank will conduct all other regular operations on Sept. 19 that support key payment and settlement systems as well as financial markets, it added.

Although Canada ceased being a colony of Britain in 1867, it remained in the British Empire until 1982, and is still a member of the Commonwealth of former empire countries that have the British monarch as head of state. A British-appointed governor-general acts on behalf of the monarch.

The queen visited Canada more than any other country during her reign - 23 times as part of Royal Tours over the course of 70 years.

(Reporting by Denny Thomas; Editing by Daniel Wallis)

Tragic Details About Princess Margaret's Death .
Princess Margaret's death in February 2002 was not only a sad time for the royal family, but for millions around the world.Born on August 21, 1930, Princess Margaret was known for her headstrong demeanor, which led to scandalous relationships and a reputation as something of a royal rebel and party girl (via Biography). However, as The Telegraph once wrote, "For all her brash insouciance and imperious tendencies, Margaret was insecure, her hauteur a compensation for her feelings of inadequacy.

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