Global Equity Market Performance: IGEO.TO tracks global ex-Canada equities. Strong global market performance, particularly in developed economies, can drive up its price.

Currency Fluctuations: As IGEO.TO holds international assets, currency exchange rates impact returns. A stronger Canadian dollar relative to other currencies can reduce returns, while a weaker loonie can increase them.

Index Tracking Accuracy: How closely IGEO.TO mirrors its benchmark index affects its price. Tracking errors (deviations from index performance) can cause it to underperform or outperform its intended target.

Economic Growth in Developed Markets: Economic expansion in developed countries represented in the index typically boosts corporate earnings and investor sentiment, positively affecting IGEO.TO.

Geopolitical Events: Global political instability, trade tensions, or major international events can impact investor confidence and equity markets, influencing IGEO.TO's price.

Interest Rate Changes: Interest rate hikes or cuts by central banks in major economies can affect corporate borrowing costs, economic growth, and investor behavior, which then impact the fund's price.

Sector Performance: The performance of specific sectors (e.g., technology, healthcare) within the index's holdings can significantly impact IGEO.TO's overall performance.

Investor Demand and Sentiment: High investor demand for international equities or a positive market outlook can increase buying pressure, driving up the price of IGEO.TO.

Fund Management Fees and Expenses: Higher management fees and operating expenses can reduce the ETF's returns, impacting its price relative to its benchmark index.