Fund Performance: The overall performance of the underlying holdings of the CYH.TO ETF directly influences its price.

Market Sentiment: General investor optimism or pessimism towards the Canadian high-yield bond market impacts demand and thus, the ETF price.

Interest Rates: Changes in prevailing interest rates, especially those set by the Bank of Canada, affect bond yields and consequently, the ETF's value.

Credit Spreads: Widening or narrowing of credit spreads on high-yield bonds reflect perceived risk and influence the ETF's price.

Liquidity: Higher liquidity in the underlying bond market generally leads to tighter bid-ask spreads for the ETF, affecting its pricing.

ETF Demand: Increased demand for the ETF itself can drive up its price, while selling pressure can lower it.

Economic Conditions: Broad economic indicators like GDP growth, inflation, and employment affect the creditworthiness of issuers within the ETF and its price.