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EDG708

$--
--%
1d
1w
1m

Analysis and statistics

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About

EDG708.TO refers to the Horizons Canadian High Dividend Yield ETF. It is an exchange-traded fund (ETF) listed on the Toronto Stock Exchange (TSX) that aims to replicate the performance of an index of Canadian companies with high dividend yields.
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Factors

Underlying Bond Yields: Changes in Canadian government bond yields, as EDG708.TO holds primarily government bonds, significantly impact its price. Rising yields decrease the fund's value, and falling yields increase it.

Interest Rate Expectations: Market expectations about future Bank of Canada interest rate hikes or cuts influence bond prices and, consequently, EDG708.TO's price.

Credit Quality Perception: Although EDG708.TO focuses on government bonds (high credit quality), shifts in overall credit market sentiment can indirectly affect its price.

Inflation Data: Inflation reports influence interest rate expectations. Higher-than-expected inflation often leads to anticipated rate hikes, pushing bond prices down and vice versa.

Economic Growth: Stronger economic growth typically leads to higher interest rates and lower bond prices, impacting EDG708.TO negatively. Slower growth might have the opposite effect.

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