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Close Edition. Wednesday, June 10, 2026

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$43.41
-1.28%

Headline

XEQT drops 1.28% as tech selling and geopolitical tension pull all four sleeves lower

XEQT fell 1.28% on Wednesday, its largest single-session decline relative to recent norms, as a fresh wave of selling in technology and AI-linked stocks pulled all four sleeves lower simultaneously. The U.S. sleeve was the dominant source of pressure, contributing roughly 0.71 percentage points of the decline as technology and industrials led losses. Iran-U.S. tensions and rising inflation uncertainty added to the cautious tone across global markets. Canadian energy provided a partial offset as WTI crude rose nearly 4%, but materials losses and broad weakness elsewhere kept the Canadian sleeve firmly in the red.

How large is today's move?

Larger-than-usual day · Today's -1.28% move is 1.8× the 20-day average move.

This scale measures size, not what to do. Larger moves are a normal part of holding a global all-equity fund.

The Regions

  • Canada

    25.26% of XEQT

    • XIC.TO
    -0.73% -0.18 pts from XEQT

    Canada's sleeve fell 0.73%, with basic materials the sharpest drag, down 4.01% among the sectors tracked, consistent with gold's steep 4.54% decline. Energy rose 1.53% as crude oil surged, partially cushioning the blow. The Bank of Canada held its rate steady at 2.25%, citing mixed signals between weak growth and elevated inflation, a decision that left Canadian financials little changed on the day.

    Canada market region icon

  • United States

    45.11% of XEQT

    • XTOT.TO
    • ITOT
    -1.58% -0.71 pts from XEQT

    The U.S. sleeve declined 1.58% and was the single largest driver of XEQT's loss. Among the sectors tracked, technology fell 2.29% and industrials dropped 3.38%, together accounting for the bulk of the sleeve's damage. Consumer staples and energy edged higher, but their gains were far too small to offset the weight of the declines elsewhere.

    United States market region icon

  • Intl Developed

    24.43% of XEQT

    • XEF.TO
    -1.33% -0.32 pts from XEQT

    International developed markets fell 1.33%, contributing 0.32 percentage points to XEQT's decline. Japan and Germany both dropped 1.83% among the markets tracked, while the UK slipped 1.02%. Renewed Iran-U.S. hostilities and uncertainty ahead of the ECB's policy decision weighed on European bourses, with the German market closing near 24,000 points.

    Intl Developed market region icon

  • Emerging Mrkts

    4.89% of XEQT

    • XEC.TO
    -1.72% -0.08 pts from XEQT

    Emerging markets fell 1.72%, the steepest sleeve decline of the session, though their 4.89% weight in XEQT limited the contribution to about 0.08 percentage points. South Korea and Taiwan-listed equities were among the weakest areas tracked, falling 3.04% and 2.78% respectively, while China and India posted shallower losses.

    Emerging Markets market region icon

Colored bars represent biggest contributors to XEQT's move today (threshold = ±0.1 percentage points). Returns are daily ETF price moves for tracked regional or sector categories and may differ slightly from raw index movements.

The Hold Line

Moves of this size, 1.8 times the recent 20-day average, are notable but not unusual against a backdrop of geopolitical tension and rate uncertainty. All four sleeves declined together, so the day's loss was broadly distributed rather than concentrated in any single region. The VIX's sharp rise and gold's steep drop together signal a shift in market mood that is worth monitoring, but XEQT's rolling-month return remains positive entering tomorrow.

Signals

  • 01

    VIX surges 17% on broad risk-off

    The VIX, a measure of expected near-term swings in U.S. equities, jumped 17.44% to 22.22, its largest single-day rise in recent sessions. For XEQT holders, this level of risk-aversion warrants attention, particularly given it coincided with broad declines across all four sleeves on a day already running 1.8 times the recent average move.

  • 02

    Gold drops sharply, crude oil surges

    Gold fell 4.54% while WTI crude oil rose 3.92%, a sharp divergence between two major commodity indicators on the same session. Within the sleeves, this split translated directly into outcomes: Canadian materials fell 4.01% among the sectors tracked while Canadian energy rose 1.53%, illustrating how commodity composition shaped Canada's sleeve result even on a down day.

  • 03

    EM tech-heavy markets lead sleeve lower

    South Korea and Taiwan-listed equities fell 3.04% and 2.78% respectively among the areas tracked, pulling the emerging markets sleeve down 1.72% despite China declining only 0.35%. This divergence within the sleeve is worth watching for XEQT holders: EM's small weight capped the damage today, but the concentration of weakness in its two largest technology-oriented markets reflects the same AI and semiconductor pressures weighing on the U.S. sleeve.

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