Underlying Holdings' Performance: EBIT.TO tracks an index of Canadian dividend-paying stocks. The prices of these individual stocks directly influence the ETF's value.

Dividend Yields of Holdings: Changes in the dividend yields of the underlying stocks affect the ETF's attractiveness and therefore its price. Higher yields can increase demand.

Interest Rate Environment: Rising interest rates may make bonds more appealing, potentially leading investors to sell dividend ETFs like EBIT.TO.

Market Sentiment Towards Canadian Equities: Overall positive or negative sentiment towards the Canadian stock market impacts demand for Canadian equity ETFs.

ETF Supply and Demand: Basic supply and demand dynamics play a role. Higher demand pushes prices up, while increased supply can lower them.

Economic Conditions in Canada: Canada's economic health, including GDP growth, inflation, and unemployment, affects the profitability and outlook of the companies held by the ETF.

Currency Fluctuations: As a Canadian ETF, currency fluctuations (especially between the CAD and USD) can impact returns for foreign investors.

Sector Performance: If sectors heavily represented in the ETF's holdings (e.g., financials, utilities) perform well or poorly, it affects the overall price.

Management Fees and Expenses: While not a direct daily price driver, higher management fees can reduce the ETF's overall attractiveness over time, indirectly impacting price.

Changes in Index Methodology: If the underlying index's rules or composition changes, it can lead to portfolio adjustments and impact the ETF's performance and price.