Underlying Asset Performance: The primary driver is the performance of the securities held within the fund, as its price mirrors their collective value.

Supply and Demand: Increased buying pressure pushes the price up, while selling pressure causes it to decline.

Interest Rates: Changes in interest rates can affect the attractiveness of fixed-income investments within the fund, influencing demand.

Economic Conditions: Economic growth or recession can impact the performance of companies whose stocks are held by the fund.

Inflation: Rising inflation can erode the real value of investments, potentially leading to price decreases, especially in fixed-income.

Currency Fluctuations: If the fund invests in foreign assets, changes in currency exchange rates can impact its CAD value.

Fund Management Fees: Higher fees can slightly reduce returns and potentially lower the overall price over time.

Investor Sentiment: Overall market optimism or pessimism can influence trading activity and impact the fund's price.

Geopolitical Events: Major global events can create market uncertainty and affect investor behavior, impacting fund prices.