This is the close brief for Thu, Apr 9, 2026. View latest

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Close Edition. Thursday, April 9, 2026

Market context for passive investors.

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$41.54
-0.02%

Headline

U.S. seven-session run keeps XEQT nearly flat amid ceasefire uncertainty

U.S. equities extended their winning streak to a seventh consecutive session, with the S&P 500 rising for the seventh straight day as Israel agreed to direct talks with Lebanon, bolstering confidence that the U.S.-Iran ceasefire will hold. That modest U.S. gain, worth roughly 0.21 percentage points to XEQT, was largely offset by declines in Canada, international developed markets, and emerging markets, where oil-price uncertainty and geopolitical caution weighed. XEQT closed the day at $41.54, down just 0.02%.

The Regions

  • Canada

    26.34% of XEQT

    • XIC.TO
    -0.47% -0.12 pts from XEQT

    XIC.TO fell 0.47%, contributing roughly -0.12 percentage points to XEQT. The TSX was pressured by uncertainty surrounding the fragile U.S.-Iran ceasefire, with oil holding near $98 per barrel after Iran continued to restrict passage through the Strait of Hormuz. No fresh TSX-specific close wrap was available to confirm additional drivers.

    Canada market region icon

  • United States

    43.24% of XEQT

    • XTOT.TO
    • ITOT
    +0.49% +0.21 pts to XEQT

    The U.S. sleeve gained 0.49%, adding roughly 0.21 percentage points to XEQT, as the S&P 500 rose for a seventh consecutive session after Israel agreed to direct talks with Lebanon, easing fears the ceasefire would collapse. Software shares lagged, while broader market breadth held positive into the close.

    United States market region icon

  • Intl Developed

    25.16% of XEQT

    • XEF.TO
    -0.32% -0.08 pts from XEQT

    XEF.TO declined 0.32%, subtracting roughly 0.08 percentage points from XEQT. No fresh close-of-session reporting for European or developed-market equities was available to identify specific drivers on April 9.

    Intl Developed market region icon

  • Emerging Mrkts

    5.13% of XEQT

    • XEC.TO
    -0.45% -0.02 pts from XEQT

    XEC.TO fell 0.45%, contributing roughly -0.02 percentage points to XEQT. No fresh session-specific reporting for emerging markets was available to confirm drivers beyond the broader backdrop of geopolitical caution and elevated oil prices.

    Emerging Markets market region icon

The Hold Line

XEQT finished Thursday essentially flat, slipping just 0.02% as a modest U.S. gain offset small declines in Canada, international developed, and emerging markets. The portfolio absorbed a day of geopolitical uncertainty with barely a ripple. Days like this are a reminder that diversification does its job quietly.

Signals

  • 01

    Oil near $98, Hormuz restricted

    U.S. crude hovered near $98 per barrel on Thursday as Iran continued to restrict oil tanker passage through the Strait of Hormuz despite a declared ceasefire. Elevated oil prices weigh on energy-importing economies but have limited direct impact on a globally diversified holder of XEQT. No action warranted.

  • 02

    S&P 500 seven-session winning streak

    The S&P 500 has now risen for seven consecutive sessions, its longest winning streak since October, supported by ceasefire diplomacy. Streak length alone is not a signal to act. XEQT holders benefit from U.S. exposure through normal rebalancing. No action warranted.

  • 03

    CAD at 0.7239 vs. USD

    The CAD/USD rate sits at 0.7239, meaning XEQT's large unhedged foreign allocations, particularly in U.S. equities, translate into a slightly larger Canadian-dollar value when the loonie is weak. This is a structural feature of XEQT, not a trigger. No action warranted.

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