This is the close brief for Mon, Apr 6, 2026. View latest

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Close Edition. Monday, April 6, 2026

Market context for passive investors.

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$40.64
+0.47%

Headline

Iran deal hopes steady equities as XEQT edges higher Monday

Wall Street closed modestly higher on Monday as Trump indicated the U.S. is in active negotiations with Iran ahead of a Tuesday deadline to reopen the Strait of Hormuz, helping oil ease from recent highs and giving equities room to advance. The S&P 500 ended up 0.44% and the Nasdaq gained 0.54%, providing the largest contribution to XEQT's 0.47% gain. International developed markets added to the move, though most European exchanges were closed for Easter Monday, leaving Asian markets, including Japan and South Korea, to carry that sleeve.

The Regions

  • Canada

    26.33% of XEQT

    • XIC.TO
    +0.21% +0.05 pts to XEQT

    XIC.TO rose 0.21% on Monday as the TSX traded on a day when many global peers were closed for Easter, contributing 0.055 percentage points to XEQT's gain. No session-specific TSX close wrap was available, so specific drivers were not identified in available sources.

    Canada market region icon

  • United States

    43.28% of XEQT

    • XTOT.TO
    • ITOT
    +0.39% +0.17 pts to XEQT

    U.S. equities ended higher, with the S&P 500 up 0.44% and the Nasdaq up 0.54%, as Trump's suggestion of being in active negotiations with Iran ahead of his Tuesday deadline lifted sentiment and helped oil prices ease from elevated levels.

    United States market region icon

  • Intl Developed

    25.19% of XEQT

    • XEF.TO
    +0.57% +0.14 pts to XEQT

    XEF.TO gained 0.57%, with the sleeve's move driven by Asian markets such as Japan and South Korea, which advanced on Monday; major European markets including the UK, Germany, and France were closed for Easter Monday and did not contribute to the session.

    Intl Developed market region icon

  • Emerging Mrkts

    5.12% of XEQT

    • XEC.TO
    +0.74% +0.04 pts to XEQT

    XEC.TO rose 0.74%, the strongest sleeve return of the day, though the picture was partial given that Hong Kong and Shanghai were closed for the Easter holiday, leaving open markets in the region to trade against a backdrop of Iran war developments and seesawing oil prices.

    Emerging Markets market region icon

The Hold Line

XEQT gained 0.47% on Monday, lifted broadly across all four sleeves with the United States and international developed markets contributing the most. Diplomatic signals around Iran kept oil from rising further and equity markets steady, and with positions spread across Canada, the U.S., and much of the world, holders of a globally diversified fund like XEQT are well-placed to ride out whatever Tuesday's deadline brings.

Signals

  • 01

    Iran deadline: Tuesday 8pm ET

    Trump warned Iran of attacks on power plants and infrastructure if the Strait of Hormuz is not reopened by Tuesday 8pm ET, then signalled a deal was possible; markets rose on the latter but the outcome remains unresolved and oil prices stay elevated near $109 per barrel. No action is warranted for a passive holder.

  • 02

    Easter holiday thins global markets

    Most European exchanges, along with Australia, Hong Kong, and Shanghai, were closed for Easter Monday, thinning global volumes and meaning today's international sleeve moves reflect a partial picture of global sentiment. Normal breadth returns Tuesday.

  • 03

    10-year yield holds near 4.33%

    The 10-year U.S. Treasury yield edged up slightly to around 4.33%, remaining elevated alongside oil prices as markets weigh the macro consequences of a prolonged Hormuz closure; higher yields are a headwind for equity valuations but have not derailed the market's resilience over recent weeks. No action needed.

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