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Canadian and US securities markets are moving to T+2 settlement

There are two important dates to remember when you trade securities - the Trade date and the Settlement date. The date your order is executed in the market is referred to as the Trade date, and the date the buyer must pay for a purchase and the seller must deliver the securities is called the Settlement date. Transactions currently settle three business days after the Trade date, which is known as T+3.

As of September 5, 2017, your trades will settle more quickly, changing to two business days after execution, as the industry adopts a shorter settlement period. This means that as a seller of a security, you will receive payment earlier, and as a buyer, you must pay for your trade earlier. This new settlement period is referred to as T+2, and will apply to both Canadian and US securities markets.

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Dealership’s “White Friday” Deal: Buy A New Vehicle Now, Get A Refund If It Snows 6 Inches On Christmas

(Firehouse Designs)

We’ve seen retailers make a big gamble for events like the Super Bowl (and lose millions in merchandise, in one case), but this might be the first time we’ve caught wind of a car dealership willing togive out free cars just to woo Black Friday shoppers.
In what one Chicago-area Buick dealership is calling a “White Friday” sale, customers who buy any brand new Buick or GMC vehicle on Nov. 28 and 29 will have the chance to get all that money back come Christmas, reports the Chicago Tribune.
The catch is, it has to snow six inches or more on Christmas Day, a measurement that must be recorded at the O’Hare International Airport weather station.
The chances of getting any amount of snowfall in Chicago on that day are between 40% to 50%, according to the Illinois Climatologist office, much less an entire six inches.
Even so, if the dealership is smart, it’s got some kind of insurance policy backing this deal up.
Dealership offers free cars if it snows on Christmas Day [Chicago…