Underlying Asset Performance: IIAE.TO tracks a specific index. The ETF's price closely reflects the collective performance of the assets within that index. Positive performance in the index generally leads to a higher ETF price, while negative performance causes it to decrease. Supply and Demand: Basic economics. High demand for IIAE.TO will push the price up, while increased selling pressure or lower demand will cause the price to fall. Trading volume and investor sentiment play a significant role. Interest Rates: Changes in interest rates, particularly bond yields, can impact the ETF's price if the underlying index contains fixed-income securities. Higher interest rates can decrease the value of existing bonds, potentially lowering the ETF's price. Currency Fluctuations: For ETFs holding international assets, currency exchange rates between the Canadian dollar and the foreign currencies of the underlying assets can affect the ETF's price. A stronger Canadian dollar reduces the value of foreign holdings when converted back. Management Fees and Expenses: While indirectly affecting the price, higher management fees and operating expenses can slightly reduce the overall return on the ETF, potentially making it less attractive to investors and influencing its price.