This is the midday brief for Mon, Aug 10, 2026. View latest

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Midday Edition. Monday, August 10, 2026

Curated market context for passive investors.

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$46.00
-0.22%

Headline

XEQT edges lower as tech weakness and Japan decline offset commodity strength.

XEQT was down 0.22% in midday trading as weakness in international developed and emerging markets outweighed gains in Canadian energy and financials. Japan and other developed economies declined amid rising yields, while Taiwan and South Korea fell alongside global technology selloff. Canadian strength in energy stocks, lifted by crude prices rising 4.12%, limited XEQT's loss, as did gains in U.S. health care. U.S. technology slipped 0.49% early in the session.

How large is this afternoon's move?

Typical day · This afternoon's -0.22% move is 0.3× 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

    25.44% of XEQT

    • XIC.TO
    +0.14% +0.04 pts to XEQT

    Canada's sleeve turned positive by midday, up 0.14%, as energy stocks surged on higher oil prices and financials provided steady support. Energy contributed roughly 0.59 pp to the sleeve's gain, offsetting weakness in materials, industrials, and utilities. The TSX composite advanced as investors rotated into commodity-linked sectors amid Middle East supply uncertainty.

    Canada market region icon

  • United States

    45.30% of XEQT

    • XTOT.TO
    • ITOT
    -0.21% -0.10 pts from XEQT

    The U.S. sleeve declined 0.21% as technology weakness and rising Treasury yields pressured equities early in the session. Health care gained 1.39% and energy rose 3.93%, but technology's 0.49% drop and broad consumer weakness dominated. Communication services and industrials were nearly flat, leaving the sleeve in negative territory as the 10-year yield rose 0.73%.

    United States market region icon

  • Intl Developed

    24.50% of XEQT

    • XEF.TO
    -0.51% -0.12 pts from XEQT

    The Intl Developed sleeve fell 0.51%, with Japan leading losses at 0.68% as growing expectations for faster Bank of Japan rate hikes weighed on equities. Australia declined 1.12% and the United Kingdom fell 0.30%, while Germany and France posted modest declines. Hong Kong was the sole bright spot, rising 0.42%, but could not offset losses across the larger developed markets.

    Intl Developed market region icon

  • Emerging Mrkts

    4.65% of XEQT

    • XEC.TO
    -0.51% -0.02 pts from XEQT

    Emerging markets fell 0.51% as South Korea and Taiwan bore the brunt of losses, each declining around 1.0%. South Korea's 1.48% drop and Taiwan's 0.97% slide together accounted for most of the sleeve's decline despite bargain hunting in technology. China posted a modest 0.50% gain, and India declined 0.39%, but regional weakness in tech-linked equities dominated the session.

    Emerging Markets market region icon

Colored bars represent biggest contributors to XEQT's move this afternoon (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

The divergence between resource-driven gains in Canada and weakness elsewhere reflects the session's cross-currents. Energy strength from higher oil prices and financial stability offset weakness across technology and emerging markets. For a long-term holder, the balance between commodity support and equity market friction serves as a useful reminder that external pressures move sleeves differently within the fund.

Signals

  • 01

    Energy gains offset tech weakness

    Rising oil prices pushed crude 4.12% higher and lifted both Canadian and U.S. energy sectors substantially, contributing roughly 0.72 pp combined to XEQT's two largest sleeves. The gains reflect Middle East supply uncertainty and offer a useful hedge against equity weakness elsewhere in the fund.

  • 02

    Japan yields rise on BOJ hike signals

    Bank of Japan rate-hike expectations rose on revised meeting summaries, pressuring the yen and equity valuations across Japan's market. Japan's decline ripples through the Intl Developed sleeve as roughly 25% of the region's exposure; watch this sector for continued volatility if rate signals sharpen.

  • 03

    Tech weakness spreads across sleeves

    Technology weakness in both the U.S. (down 0.49%) and emerging markets (South Korea and Taiwan down 1.0%+) narrowed what could have been a broader market advance. The consistent tech drag across sleeves worth watching as yields rise and fund valuations face fresh pressure from higher rates.

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