In May 2024, Canadian and U.S. securities markets are moving to a standard trade settlement cycle of T+1 (short for "trade date plus one business day") for investments that currently settle on a T+2 basis (trade date plus two business days):
- Canadian securities markets will move to T+1 on May 27, 2024
- U.S. securities markets will move to T+1 on May 28, 2024 (one day later, due to U.S. Memorial Day on May 27)