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Close Edition. Friday, June 12, 2026

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$44.68
+0.63%

Headline

XEQT gains 0.63% as Iran deal hopes and a copper-led materials rally lift all four sleeves

XEQT closed at $44.68, gaining 0.63% as all four regional sleeves advanced on hopes for a US-Iran diplomatic breakthrough, which weighed on oil prices and lifted equities broadly. The United States sleeve led in absolute contribution at 0.33 percentage points, with technology and financials among the strongest tracked sectors. Canada added 0.20 percentage points, driven by a sharp move in materials stocks as copper prices climbed more than 3%. Oil's decline of nearly 4% was a notable backdrop: it pressured Canadian energy but supported sentiment in oil-importing markets and kept the overall tone constructive.

How large is today's move?

Typical day · Today's +0.63% move is 0.7× 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

    25.22% of XEQT

    • XIC.TO
    +0.79% +0.20 pts to XEQT

    Canadian equities rose 0.79%, with materials the clear engine: among the sectors tracked, the materials segment jumped 3.03%, consistent with copper's 3.1% advance on the day, and added roughly 0.50 percentage points within the sleeve. Financials, the largest tracked sector, contributed a further 0.28 percentage points with a gain of 0.81%. Technology and energy were soft, slipping 1.05% and 0.41% respectively, but those losses were too small to offset the commodity-driven surge.

    Canada market region icon

  • United States

    45.13% of XEQT

    • XTOT.TO
    • ITOT
    +0.72% +0.33 pts to XEQT

    The U.S. sleeve gained 0.72%, contributing the largest share of XEQT's advance. Among the sectors tracked, technology added 0.31 percentage points on its own, rising 0.87%, while financials climbed 1.37%. Communication services and health care edged lower but their combined drag was modest. A weaker Canadian dollar amplified the value of USD-denominated holdings, adding a small tailwind to the sleeve's CAD-denominated return.

    United States market region icon

  • Intl Developed

    24.61% of XEQT

    • XEF.TO
    +0.56% +0.14 pts to XEQT

    International developed markets gained 0.56%, contributing 0.14 percentage points to XEQT. European bourses were notably strong, with Spain's market hitting a record high amid Iran deal optimism and lower oil, while Japan and the UK each rose around 0.55 to 0.57% among the markets tracked. Switzerland was the one soft spot in the covered exposures, declining 0.30%.

    Intl Developed market region icon

  • Emerging Mrkts

    4.97% of XEQT

    • XEC.TO
    +0.76% +0.04 pts to XEQT

    The emerging markets sleeve rose 0.76%, though its 4.97% weight kept its contribution to XEQT at roughly 0.04 percentage points. India and China were the strongest among tracked markets, gaining 1.13% and 0.90% respectively. South Korea declined 0.75%, the only meaningful drag among the larger tracked exposures. Taiwan was effectively flat at 0.17%.

    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

Friday's breadth was genuine: every sleeve contributed positive returns, and the two largest, the United States and Canada, did the heaviest lifting. What stands out is the divergence within Canada, where a 3.03% rise in materials stocks, lifted by copper prices jumping more than 3%, more than offset declines in technology and energy sectors. For a fund that spans 40-plus countries, a session where geopolitical optimism, commodity strength, and sector rotation all point in the same direction is worth noting, even if no single move was outsized. XEQT sits roughly 0.84% below its 52-week high, and the month-to-date trend remains constructive.

Signals

  • 01

    Metals rally drives Canadian materials

    Gold rose 2.95% to $4,235.50 while copper jumped 3.14%, the latter consistent with a wide metals rally that powered Canadian materials stocks to a 3.03% gain among the sectors tracked. For a Canadian sleeve where materials represents roughly 16% of the portfolio, a single-day move of that size can shift the sleeve's outcome meaningfully, as it did here.

  • 02

    Oil drops nearly 4% on peace optimism

    WTI crude oil, which tracks the price of North American oil, fell 3.93% to $84.26, continuing its recent decline on hopes for a diplomatic resolution in the Middle East. The drop weighed on energy stocks within both the Canadian and U.S. sleeves, but the broadly risk-on tone more than offset those sectoral losses across XEQT.

  • 03

    VIX falls 9% signaling risk-on shift

    The VIX, a measure of near-term expected volatility in U.S. equities, fell 9.05% to 17.68, a drop consistent with a meaningful shift toward risk appetite that helps explain the broad positive breadth seen across all four sleeves. For a fully-invested global equity holder, lower implied volatility is a supportive backdrop, though the index remains above levels that would signal an unusually calm market.

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May 15 to Jun 12 · $43.19 → $44.68

+3.46%