Underlying Asset Prices: FSB-U.TO tracks the Solactive US Large Cap CAD Hedged Index. The prices of the underlying U.S. large-cap stocks within that index significantly impact FSB-U.TO's price.

Currency Fluctuations: While hedged, some residual currency risk may remain. Significant shifts in the CAD/USD exchange rate can affect the ETF's value.

Supply and Demand: Market demand for FSB-U.TO shares relative to the available supply influences its price. Increased demand generally leads to a higher price, and vice versa.

Interest Rates: Changes in interest rates can impact the attractiveness of dividend-paying stocks held within the ETF, indirectly influencing demand and price.

Economic Conditions: Broad economic factors such as GDP growth, inflation, and unemployment rates in both Canada and the U.S. can affect investor sentiment and stock valuations, impacting the ETF.

ETF Management Fees: While not a direct price driver, the ETF's management expense ratio (MER) reduces overall returns and should be considered in the long-term performance.

Sector Performance: The performance of the specific sectors that are heavily weighted in the Solactive US Large Cap CAD Hedged Index will influence the ETF's price.

Investor Sentiment: Overall market sentiment and investor risk appetite can drive buying or selling pressure, affecting the ETF's price regardless of fundamental factors.