This is the close brief for Wed, Sep 30, 2026. View latest

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Close Edition. Wednesday, September 30, 2026

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$45.57
-0.15%

Headline

Canadian financials and materials weigh on XEQT as U.S. technology limits the decline

XEQT closed down 0.15% at $45.57, a modest finish to the quarter shaped primarily by weakness in the Canadian sleeve. Canada fell 0.65%, contributing roughly -0.16 percentage points to the fund's decline, more than half of XEQT's total loss for the session. The U.S. sleeve edged up 0.14%, aided by a 0.64% gain in technology names, while softer-than-expected PCE data reinforced expectations that the Fed would hold rates steady in October. International developed markets and emerging markets both slipped, adding modest additional drag.

How large is today's move?

Typical day · Today's -0.15% 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

    25.00% of XEQT

    • XIC.TO
    -0.65% -0.16 pts from XEQT

    The S&P/TSX Composite fell more than 200 points, with Canadian financials off 1.10% and materials down 1.51% among the sectors tracked. Energy was a partial offset, rising 0.72% alongside WTI crude's 1.10% advance, but that gain was not large enough to overcome the weight of the two largest drags.

    Canada market region icon

  • United States

    45.66% of XEQT

    • XTOT.TO
    • ITOT
    +0.14% +0.07 pts to XEQT

    The U.S. sleeve eked out a 0.14% gain as technology's strength more than offset broad weakness elsewhere. Health care fell 1.35%, industrials 1.27%, and financials 1.13% among the sectors tracked, yet technology's 0.64% advance, backed by the AI-related semiconductor rally noted in multiple sources, was large enough given its weight to keep the sleeve positive. The session's PCE reading came in softer than expected, trimming rate-hike speculation.

    United States market region icon

  • Intl Developed

    24.26% of XEQT

    • XEF.TO
    -0.20% -0.05 pts from XEQT

    XEF.TO declined 0.20%, with European markets broadly lower amid fresh euro-zone inflation data that reinforced expectations of further ECB tightening. France fell 1.55%, Germany 1.41%, and Switzerland 1.37% among the markets tracked, while the Netherlands also slipped. Japan was the session's counterweight, rising 0.98% on AI-related semiconductor strength, which limited the sleeve's overall loss to a modest -0.049 percentage points against XEQT.

    Intl Developed market region icon

  • Emerging Mrkts

    4.91% of XEQT

    • XEC.TO
    -0.58% -0.03 pts from XEQT

    XEC.TO fell 0.58%, dragged by South Korea, which declined 2.31% among the markets tracked as rising U.S. Treasury yields weighed on sentiment. Taiwan also slipped 1.06%. Brazil partially offset those moves with a 2.14% gain among the markets tracked, and China edged up 0.17%, but the sleeve's contribution to XEQT remained negative at roughly -0.03 percentage points.

    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

Canada's outsized drag today reflects how much of the TSX's weight sits in financials and materials, two sectors that moved against the broader tape. U.S. technology's +0.64% gain was enough to keep the American sleeve in the black and cushion the fund's overall decline to just -0.15%. At roughly one-quarter the magnitude of the recent twenty-day average move, this session is closer to noise than signal for a long-term holder.

Signals

  • 01

    Rising yields pressure rate-sensitive sectors

    The 10-year U.S. Treasury yield rose to 5.29%, its highest point in recent sessions, while health care, financials, industrials, and consumer staples all fell more than 1% among U.S. sectors tracked. Rate-sensitive sectors bearing the brunt of a yield move this pronounced is a pattern worth monitoring, as it has appeared repeatedly across this month's sessions and could compress multiples further if yields stay elevated.

  • 02

    Japan offsets European drag in Intl Developed

    Within the international developed sleeve, Japan's 0.98% advance stood sharply apart from continental Europe's losses, which ranged from 0.68% in the UK to 1.55% in France among the markets tracked. For an XEQT holder, Japan's weight of roughly 26% in the Intl Developed sleeve meant that divergence was meaningful enough to hold the sleeve's overall loss to 0.20% despite broad European weakness.

  • 03

    Crude gain fails to rescue Canadian sleeve

    WTI crude oil climbed 1.10% to $90.36, and Canadian energy names rose 0.72% in response, yet the broader TSX still fell 0.65% as financial and materials weakness far outweighed the energy contribution. The split underscores how crude price tailwinds can be neutralized within a single session when the two larger sectors in the index move against them.

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Key events from the last 20 days

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Sep 2 to Sep 30 · $45.40 → $45.57

+0.37%