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Definition and Interpretation. Business Day means a day other than a Saturday, Sunday or statutory holiday on which the banks in New York, New York and Monaco are required to close. (...) For the purpose of this paragraph, Business Day shall means a day on which banks in Toronto Canada are open for business.
U.S. financial markets are closed in observance of Good Friday, which falls on April 14. But why? Typically, markets adhere to the U.S. governmentâs holiday calendar. However, Good Friday isnât one of those holidays. In fact, itâs among the few holidays that isnât both a Wall Street and a federal holiday. Those include Columbus Day and Veterans Day, which are federal holidays but arenât vacation days for Wall Street investors. Apparently, there is no clear answer for Good Friday being a market holiday.