This is the midday brief for Fri, Apr 10, 2026. View latest

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Midday Edition. Friday, April 10, 2026

Market context for passive investors.

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$41.64
+0.24%

Headline

Canada leads a quiet Friday gain as ceasefire backdrop steadies markets

XEQT is up 0.24% at midday on Friday, with Canada leading the way as energy names benefit from the US-Iran ceasefire backdrop and oil prices that have retreated from recent highs. U.S. equities are adding only a small contribution as Wall Street consolidates after a seven-day rally, with investors watching diplomatic progress between Washington and Tehran. International developed and emerging markets are both in modest positive territory, rounding out a calm, broadly positive session for the fund.

The Regions

  • Canada

    25.95% of XEQT

    • XIC.TO
    +0.64% +0.17 pts to XEQT

    XIC.TO gained 0.64% so far today, the strongest sleeve contribution to XEQT's move, with energy sector names including Canadian Natural Resources and Suncor benefiting from the broader oil and geopolitical backdrop following the US-Iran ceasefire, though no article-level Canadian market source was available at report time.

    Canada market region icon

  • United States

    43.28% of XEQT

    • XTOT.TO
    • ITOT
    +0.10% +0.05 pts to XEQT

    U.S. equities are up a modest 0.10% so far, as Bloomberg reports stocks fluctuated after a seven-day rally with investors watching diplomatic talks between the U.S. and Iran for signs the fragile truce can hold.

    United States market region icon

  • Intl Developed

    25.36% of XEQT

    • XEF.TO
    +0.22% +0.06 pts to XEQT

    XEF.TO is up 0.22% in the session so far. European shares extended gains at midday ahead of ongoing US-Iran peace talks, though the Hargreaves Lansdown report citing this came from a section-level page and cannot be sourced directly here; the move is consistent with the broader ceasefire relief theme but specific drivers were not confirmed in a usable article-level source.

    Intl Developed market region icon

  • Emerging Mrkts

    5.26% of XEQT

    • XEC.TO
    +0.33% +0.02 pts to XEQT

    XEC.TO rose 0.33% today. Specific drivers were not identified in available sources for this session.

    Emerging Markets market region icon

The Hold Line

XEQT is up 0.24% at midday, a modest but broad-based gain. Canada is carrying most of the weight, with the U.S. sleeve contributing a smaller amount as Wall Street pauses to assess the durability of the US-Iran truce. Broad, patient diversification is doing its job today.

Signals

  • 01

    Oil prices, US-Iran truce

    Oil has retreated from recent highs following the US-Iran ceasefire, easing pressure on global supply chains. Lower energy costs are broadly supportive for equities. No action required for a passive XEQT holder.

  • 02

    US tariff legal challenge

    A US trade court is reviewing the legality of a 10% global import tariff imposed by President Trump, which could have implications for global trade sentiment. The outcome is uncertain and worth monitoring, but XEQT's global diversification provides broad exposure either way. No action required.

  • 03

    Islamabad peace talks weekend

    Diplomatic talks in Islamabad this weekend, led by US Vice President JD Vance and involving Iranian officials, could shape the durability of the ceasefire and energy market direction next week. XEQT holders need not act, but the outcome may colour Monday's open.

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