Issuer's Reputation: BlackRock's strong reputation can attract investors, increasing demand and price.

Underlying Bond Market Conditions: Interest rate fluctuations, credit spreads, and overall market sentiment in the Canadian real return bond market impact BREA.TO's value.

Inflation Expectations: As a real return bond ETF, BREA.TO's price is heavily influenced by inflation expectations; rising expectations typically increase demand and price.

Supply and Demand: Basic economics; higher demand for BREA.TO than available supply pushes the price up, and vice versa.

Redemption and Creation Activity: Large creations or redemptions of ETF units can affect the supply of units available and impact the trading price.

Management Expense Ratio (MER): The MER represents the fund's operating expenses; higher MERs can indirectly affect the price by potentially impacting returns.

Economic Data Releases: Significant economic data releases, such as CPI figures and GDP growth, can influence market sentiment and investor expectations, affecting BREA.TO's price.

Global Events: Major global events (e.g., geopolitical instability, financial crises) can impact investor risk appetite and indirectly affect BREA.TO's price.

Currency Fluctuations: Currency fluctuations, especially if the ETF holds underlying assets denominated in currencies other than CAD, can impact the fund's value.

Liquidity of Underlying Bonds: The liquidity of the underlying real return bonds can affect the ETF's ability to track its index accurately, potentially impacting its price.

Competitor ETFs: The performance and features of competing real return bond ETFs can influence investor choices and impact BREA.TO's demand and price.