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Thanksgiving Day

Thanksgiving Day in Canada, celebrated on the second Monday of October, is a national holiday that marks the end of the harvest season. While it is not directly an economic event, it influences consumer behavior as it kicks off the holiday shopping season, impacting retail sales and economic activity. Financial markets in Canada are closed on this day, which can lead to reduced trading volumes and liquidity in the days surrounding the holiday. Its significance lies in its cultural importance and the boost it provides to consumer spending, which is a key driver of the Canadian economy.