This is the close brief for Mon, Aug 24, 2026. View latest

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Close Edition. Monday, August 24, 2026

Curated market context for passive investors.

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$45.67
+0.20%

Headline

International developed markets pace a quiet XEQT gain as tech weighs on U.S. and South Korean stocks slide.

XEQT closed at $45.67, up 0.20% on the session, with three of four sleeves finishing in positive territory. International developed markets provided the largest contribution at +0.131 percentage points, while U.S. equities added modestly despite a sharp pullback in technology stocks offset by strength in financials and consumer staples. Canada's index edged higher, a result that arrived against the backdrop of newly imposed U.S. tariffs on Canadian goods. Emerging markets were the lone drag, pulled lower by a pronounced decline in South Korean equities.

How large is today's move?

Typical day · Today's +0.20% 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

    25.92% of XEQT

    • XIC.TO
    +0.17% +0.04 pts to XEQT

    Canada's sleeve rose 0.17%, contributing +0.044 percentage points to XEQT, even as the U.S. imposed 50% tariffs on roughly $28 billion in Canadian goods. Materials were the clear driver among the sectors tracked, rising 1.41% and accounting for the bulk of the sleeve's gain, likely supported by gold's 0.50% advance. That strength more than offset declines in industrials and energy, the latter falling 0.87% alongside a 2.53% drop in WTI crude.

    Canada market region icon

  • United States

    44.80% of XEQT

    • XTOT.TO
    • ITOT
    +0.24% +0.11 pts to XEQT

    The U.S. sleeve gained 0.24%, adding +0.108 percentage points, though the session was defined by a sharp divergence within it. Technology fell 1.78% among the sectors tracked, the steepest sectoral decline of the day, while financials rose 1.29% and consumer staples climbed 1.70%. The Canadian dollar's weakening against the U.S. dollar provided a modest translation tailwind for U.S. assets held in a Canadian-dollar fund.

    United States market region icon

  • Intl Developed

    24.42% of XEQT

    • XEF.TO
    +0.54% +0.13 pts to XEQT

    XEF.TO advanced 0.54%, delivering the session's strongest sleeve return and the largest contribution to XEQT at +0.131 percentage points. The gain was concentrated in the UK and Spain among the markets tracked, while Japan, the Netherlands, Switzerland, and Germany each posted small declines. European trading was subdued overall, with uncertainty around tariffs and the global growth outlook keeping markets cautious, though indexes managed to close near flat to modestly positive.

    Intl Developed market region icon

  • Emerging Mrkts

    4.74% of XEQT

    • XEC.TO
    -0.75% -0.04 pts from XEQT

    XEC.TO fell 0.75%, the only sleeve to decline, subtracting 0.036 percentage points from XEQT. South Korean equities were the dominant drag among the markets tracked, declining 2.64% after Samsung Electronics' shareholder return plan disappointed investors and triggered broad selling in semiconductors. Taiwan and China also declined, while Saudi Arabia rose 1.88% among the tracked markets, partially offsetting the losses elsewhere.

    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

Three of four sleeves finished in positive territory, with international developed markets providing the session's largest contribution despite broad caution across European exchanges. The emerging markets sleeve was the sole detractor, and its weight in XEQT at roughly 4.7% contained that drag to a fraction of the fund's move. Canada's ability to close higher despite fresh U.S. tariffs on roughly $28 billion in Canadian goods reflects how sector composition, not just macro headlines, shapes daily outcomes.

Signals

  • 01

    U.S. sector rotation offsets tech drag

    U.S. technology fell 1.78% among the sectors tracked while U.S. financials and consumer staples rose 1.29% and 1.70% respectively, a rotation that partially cushioned the sleeve's overall return. For XEQT holders, this kind of intra-sleeve offset illustrates how a diversified sector mix can absorb a sharp move in a single segment without fully transmitting it to the fund level.

  • 02

    Weaker CAD lifts U.S. sleeve returns

    The Canadian dollar weakened 0.59% against the U.S. dollar, which translated U.S.-dollar assets into stronger Canadian-dollar returns for the fund's largest sleeve. This currency effect partially explains why the U.S. sleeve posted a positive result even as many U.S. sectors in dollar terms declined.

  • 03

    VIX rises but stays contained

    The VIX, a measure of expected near-term volatility in U.S. equities, rose 4.76% to 15.85, consistent with the mixed and cautious tone across global markets. At this absolute level the reading remains well below historical stress thresholds, and the day's overall XEQT move of 0.20% confirms that the caution did not translate into broad losses for global equity holders.

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Key events from the last 20 days

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Jul 27 to Aug 24 · $44.79 → $45.67

+1.96%