Global Equity Market Performance: FCGI.TO tracks global ex-Canada equities, so overall performance of international stock markets heavily influences its price.

Currency Fluctuations: The ETF holds international assets, so changes in the Canadian dollar's exchange rate against other currencies, especially the USD, affect returns.

Sectoral Allocation: The ETF's allocation to different sectors globally (e.g., technology, healthcare) will influence its price based on those sectors' performance.

Geographic Exposure: Performance in specific geographic regions where the ETF has significant holdings impacts price, like Europe or Asia.

Interest Rates: Global interest rate changes can affect the valuation of companies within the ETF and influence investor sentiment.

Economic Growth: The overall health of the global economy and growth forecasts impact investor confidence and company earnings, impacting the ETF.

Political and Economic Events: Geopolitical events and economic policy changes (e.g., trade wars, elections) can create volatility and influence asset prices within the ETF.