Fairfax Financial Holdings' financial performance: Strong earnings, revenue growth, and profitability generally increase investor confidence and drive up the stock price. Poor performance can have the opposite effect.

Interest rate environment: Rising interest rates can negatively impact the value of FFH-PI.TO, as preferred shares become less attractive compared to fixed-income alternatives like bonds. Conversely, falling rates can increase their appeal.

Credit ratings: Upgrades from credit rating agencies like S&P or Moody's typically boost investor confidence and lead to higher prices. Downgrades can signal increased risk and lower the price.

Market sentiment: Overall investor confidence and risk appetite influence demand for FFH-PI.TO. Positive market sentiment often drives prices higher, while negative sentiment can lead to selling pressure and price declines.

Company-specific news: Announcements about acquisitions, divestitures, strategic partnerships, or changes in management can all impact investor perceptions and affect the stock price.

Dividend yield: The dividend yield offered by FFH-PI.TO is a key factor for income-seeking investors. Higher yields generally make the stock more attractive, increasing demand and potentially driving up the price. Changes to the dividend payout can significantly affect the price.

Economic conditions: The overall health of the Canadian and global economies can influence the performance of insurance companies like Fairfax, and thus impact its preferred share price. Economic recessions or slowdowns can negatively affect insurance sales and investment income.

Inflation: High inflation can erode the real value of fixed-income investments like preferred shares. Investors may demand higher yields to compensate for inflation, putting downward pressure on the price.

Regulatory changes: Changes in regulations affecting the insurance industry can impact Fairfax's operations and profitability, which in turn can affect the attractiveness of its preferred shares.

Supply and demand: Simple supply and demand dynamics play a role. Increased demand for FFH-PI.TO will generally lead to a higher price, while increased supply can put downward pressure on the price.

Alternative investments: The availability and attractiveness of alternative fixed-income investments, such as government bonds or corporate bonds, can influence the demand for FFH-PI.TO and its price.

Exchange rates: As Fairfax has international operations, fluctuations in exchange rates can impact its reported earnings and therefore, indirectly affect the preferred share price.

Liquidity: The liquidity of FFH-PI.TO, or how easily it can be bought and sold without affecting the price, can influence its appeal. Higher liquidity usually makes a stock more attractive to investors.