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

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Midday Edition. Monday, April 6, 2026

Market context for passive investors.

Archive

$40.62
+0.42%

Headline

Ceasefire talks lift global equities as XEQT edges higher

Global equities are edging higher so far this Monday as reports of a potential 45-day ceasefire in the U.S.-Iran war lifted sentiment and pulled oil prices lower. The International Developed sleeve, which is XEQT's second-largest by weight, is leading today's gains at 0.63%, contributing the most to the fund's 0.42% rise as of midday. U.S. equities are also modestly positive, adding further support to a session shaped more by geopolitical relief than any domestic economic driver.

The Regions

  • Canada

    26.33% of XEQT

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

    XIC.TO gained 0.21% today, contributing approximately 0.06 percentage points to XEQT's move. Specific drivers for the TSX session were not identified in available sources.

    Canada market region icon

  • United States

    43.28% of XEQT

    • XTOT.TO
    • ITOT
    +0.26% +0.11 pts to XEQT

    U.S. equities are up modestly in midday trading as reports of ongoing U.S.-Iran ceasefire negotiations, including a potential 45-day truce discussed with regional mediators, supported risk appetite and pushed oil prices lower, according to TheStreet's live session coverage.

    United States market region icon

  • Intl Developed

    25.19% of XEQT

    • XEF.TO
    +0.63% +0.16 pts to XEQT

    XEF.TO gained 0.63% and is the largest contributor to XEQT's move today at roughly 0.16 percentage points; no direct session-specific reporting for European markets was found, though the Iran ceasefire news cited by TheStreet as a broad equity market driver provides background context for the advance.

    Intl Developed market region icon

  • Emerging Mrkts

    5.12% of XEQT

    • XEC.TO
    +0.48% +0.02 pts to XEQT

    XEC.TO rose 0.48% today, contributing approximately 0.02 percentage points to XEQT's gain. Specific drivers for emerging market equities were not identified in available sources.

    Emerging Markets market region icon

The Hold Line

XEQT is up 0.42% on the day, led by international developed markets adding roughly 0.16 percentage points to the gain. All four sleeves are in positive territory, with the Canada and emerging markets sleeves contributing modestly. A single-day gain of this size is well within normal variation for a diversified global equity fund, and nothing in today's session calls for any change to a long-term passive strategy.

Signals

  • 01

    Iran ceasefire negotiations

    The U.S., Iran, and regional mediators are reportedly discussing a potential 45-day ceasefire that could lead to a permanent end to hostilities, according to TheStreet citing Axios. If talks progress, reduced energy-supply uncertainty would be a modest positive for global equities. No action is warranted for a passive XEQT holder.

  • 02

    Oil falling on war relief

    Oil prices are falling Monday alongside ceasefire reports in the U.S.-Iran conflict. Lower energy costs tend to ease inflation pressures over time, which can be a modest tailwind for equity valuations broadly. This does not require any portfolio adjustment.

  • 03

    CAD/USD at 0.7186

    The Canadian dollar sits at 0.7186 versus the U.S. dollar, meaning U.S.-denominated holdings within XEQT translate back at a modest discount for Canadian holders. Currency moves of this magnitude are normal and are best left unhedged for long-term passive investors, as XEQT is unhedged by design.

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