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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.
Traditionally a business day meant 9am to 5pm, but now days most business are open longer; many never close (i.e. they're open 24 hours a day/7 days a week), naturally this requires shift work i.e. employees work in shifts, staggered throughout the day. Written Aug 4, 2015.