Canadian Securities Course (CSC) Practice Exam · Question
What is the typical settlement period for conventional equity trades on Canadian stock exchanges?
Effective May 27, 2024, the settlement period for conventional equity, bond, and mutual fund trades in Canada transitioned from T+2 to T+1, meaning trade date p
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Question: What is the typical settlement period for conventional equity trades on Canadian stock exchanges?
Answer options: ✅ T+1 (trade date plus one business day)
- T+2 (trade date plus two business days)
- T+3 (trade date plus three business days)
- T+0 (trade date)
Correct answer: T+1 (trade date plus one business day)
Explanation: Effective May 27, 2024, the settlement period for conventional equity, bond, and mutual fund trades in Canada transitioned from T+2 to T+1, meaning trade date plus one business day.
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