This is the close brief for Fri, Apr 10, 2026. View latest
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$41.71Headline
XEQT closed Friday up 0.41%, with Canada as the primary driver. The TSX rose on hopes of a sustained Middle East ceasefire, even as oil prices seesawed on uncertainty about whether the agreement fully held. U.S. equities were a marginal drag after hotter CPI data erased early morning gains, but the overall session was constructive for global equity holders.
25.95% of XEQT
XIC.TO gained 0.69%, contributing the most to XEQT's close-of-day gain, as the TSX was lifted by hopes of a sustained Middle East ceasefire and stabilising oil prices near $98 per barrel after weeks of elevated volatility.
43.28% of XEQT
The U.S. sleeve was essentially flat, slipping 0.05%, as hotter-than-expected CPI inflation erased early morning gains in the S&P 500, which closed down 0.11%, while the Nasdaq ended modestly higher, supported by gains in semiconductor stocks including Nvidia and Broadcom.
25.36% of XEQT
XEF.TO gained 0.44% today, contributing 0.11 percentage points to XEQT's overall move. Specific session-level drivers for international developed markets were not identified in available sources.
5.26% of XEQT
XEC.TO gained 0.50% today, contributing approximately 0.03 percentage points to XEQT's overall return. Specific session-level drivers for emerging markets were not identified in available sources.
XEQT closed Friday up 0.41%, a modest but clean gain spread across three of its four sleeves. Canada did the heavy lifting, contributing roughly 0.18 percentage points on its own. Weeks like this are a reminder that a globally diversified portfolio rarely needs you to do anything at all.
Hotter-than-expected CPI data in the U.S. surfaced on Friday, tempering early equity gains. For a long-term XEQT holder, a single month's inflation reading is not a reason to act, but it is worth monitoring in the context of rate expectations.
Oil prices stabilised near $98 per barrel on Friday as a fragile U.S.-Iran ceasefire held, though compliance remained in question. Elevated oil prices benefit Canada's energy-heavy TSX, which is a meaningful part of XEQT's Canada sleeve.
The Canadian dollar sits at 0.7226 versus the U.S. dollar. A weaker CAD amplifies the Canadian-dollar value of XEQT's large U.S. and international sleeves, providing a natural currency cushion when those markets hold steady or rise.
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