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CROP

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1d
1w
1m

Analysis and statistics

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About

The ETF with the symbol CROP.TO represents the Purpose Global Cannabis ETF. This ETF trades on the Toronto Stock Exchange and aims to provide investors with exposure to a diversified portfolio of global cannabis companies. It invests in companies involved in the legal production, distribution, and sale of cannabis and related products.
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Factors

Agricultural Commodity Prices: Underlying holdings are typically agricultural commodities, therefore price fluctuations of crops like wheat, corn, and soybeans directly affect CROP.TO's value. Supply and demand dynamics significantly impact these commodity prices.

Currency Fluctuations: As a Canadian ETF potentially holding US-denominated assets, exchange rates (CAD/USD) affect returns. A weaker CAD boosts the ETF's value, and a stronger CAD reduces it.

Global Economic Conditions: Broad economic factors such as inflation, interest rates, and overall economic growth influence agricultural commodity demand and investment sentiment in the ETF.

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