Global Interest Rates: Rising interest rates generally decrease the attractiveness of dividend-paying assets like DXIF.TO, as bonds become more competitive.

Currency Fluctuations: Changes in the Canadian dollar's value versus other currencies, particularly those where underlying holdings are denominated, impact the ETF's price.

Underlying Asset Performance: The performance of the dividend-focused equity index that DXIF.TO tracks is a primary driver of its price. Positive index performance leads to price appreciation.

Market Sentiment: General investor optimism or pessimism toward equities and dividend-paying stocks influences demand for DXIF.TO.

Dividend Yields: Changes in the dividend yields of the underlying companies in the index can affect the ETF's appeal and therefore its price.

Fund Flows: Large inflows into or outflows from DXIF.TO can create buying or selling pressure, influencing its market price.

Economic Growth: Strong economic growth typically supports higher corporate profits and dividends, benefiting DXIF.TO. Slowdowns can have the opposite effect.