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

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Open Edition. Monday, April 6, 2026

Market context for passive investors.

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$40.58
+0.32%

Headline

Quiet post-holiday open as jobs data lands with markets closed

Markets in Canada and the United States are returning from the Good Friday holiday weekend with a measured open, as investors digest the March U.S. jobs report, which showed 178,000 new jobs and a 4.3% unemployment rate, released while exchanges were closed on Friday. All four sleeves of XEQT are fractionally higher in early trading, with the U.S. sleeve contributing the most to today's gain at an estimated 0.11 percentage points. No major earnings or economic data are scheduled for Monday, leaving the jobs report as the primary backdrop for the session.

The Regions

  • Canada

    26.33% of XEQT

    • XIC.TO
    +0.27% +0.07 pts to XEQT

    XIC.TO is up 0.27% in early trading as the TSX resumes regular hours following the Good Friday closure on April 3; no session-specific catalyst has been identified in available sources beyond the broader post-holiday return to markets.

    Canada market region icon

  • United States

    43.28% of XEQT

    • XTOT.TO
    • ITOT
    +0.25% +0.11 pts to XEQT

    U.S. equities are edging higher at the open, the first session to price in the March jobs report showing 178,000 new hires and a 4.3% unemployment rate, which was released on Good Friday when markets were closed; Schwab notes no major earnings or data are scheduled for Monday, pointing to a relatively calm session.

    United States market region icon

  • Intl Developed

    25.19% of XEQT

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

    XEF.TO is up 0.21% at the open, contributing an estimated 0.05 percentage points to XEQT's gain; specific drivers for international developed markets were not identified in available sources for this session.

    Intl Developed market region icon

  • Emerging Mrkts

    5.12% of XEQT

    • XEC.TO
    +0.87% +0.04 pts to XEQT

    XEC.TO is the strongest sleeve in percentage terms at 0.87% in early trading, contributing an estimated 0.05 percentage points to XEQT; specific session drivers for emerging markets were not identified in available sources.

    Emerging Markets market region icon

The Hold Line

XEQT is up 0.32% at the open, with all four sleeves moving modestly higher on the first trading day back from the Good Friday long weekend. A single quiet session does not define a portfolio built for decades, and today's broad, measured gain is a reminder that staying the course through market closures and economic data releases is exactly the plan.

Signals

  • 01

    Jobs data absorbed at Monday open

    The March U.S. jobs report, released on Good Friday when markets were closed, showed 178,000 new positions and a 4.3% unemployment rate; Treasury yields jumped on the data according to Schwab, but the equity open is calm, suggesting the labour market reading is being digested without alarm. No action is required.

  • 02

    CAD/USD at 0.7191

    The CAD/USD exchange rate stands at 0.7191 today, meaning XEQT's U.S. and international holdings carry a meaningful currency tailwind for Canadian holders when foreign assets are converted back to dollars; currency moves are background noise for long-term passive investors and do not warrant a response.

  • 03

    Low-catalyst post-holiday session

    Both the TSX and U.S. exchanges were closed Good Friday and reopened Monday with no major earnings or economic releases scheduled for the day, according to Schwab, making this a low-catalyst session where positioning, not news, is likely to dominate early price action. Nothing here calls for any portfolio change.

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