Underlying Asset Performance: The price of LLYH.TO is directly tied to the performance of the underlying healthcare companies it tracks. Positive or negative news, earnings reports, and industry trends impacting these companies will influence the ETF's value.

Supply and Demand: General market sentiment and investor demand for healthcare exposure influence LLYH.TO's price. Increased buying pressure drives the price up, while selling pressure pushes it down.

Index Tracking: LLYH.TO aims to mirror the performance of a specific healthcare index. Deviations from this index, due to management fees or trading inefficiencies, can create tracking error and slightly impact its price relative to the index.

Currency Fluctuations: As it trades in CAD, currency fluctuations between CAD and the currencies of any underlying holdings in foreign markets will affect its price.

Economic Conditions: Overall economic conditions, such as interest rates, inflation, and GDP growth, can impact the healthcare sector and, consequently, LLYH.TO.

Regulatory Changes: Healthcare is heavily regulated. Changes in government policies, drug pricing regulations, or healthcare reforms can significantly affect the profitability and valuation of healthcare companies held by LLYH.TO.