Broad Market Performance: Overall health of the Canadian stock market impacts MEQT.TO, as it tracks Canadian equity performance. Positive market sentiment typically drives prices up.

Underlying Index Movements: MEQT.TO aims to mirror an underlying index. Changes in the index's composition and performance directly influence the ETF's price.

Sector Performance: Weightings in specific sectors like financials or energy, within the index, affect MEQT.TO. Strong performance in those sectors can boost its price.

Interest Rates: Rising interest rates can negatively impact equity valuations and potentially lower MEQT.TO's price, especially for growth-oriented sectors.

Inflation: High inflation may erode corporate profitability, affecting stock prices and subsequently impacting the ETF's price negatively.

Currency Fluctuations: Exchange rate changes between the Canadian dollar and other currencies can affect the value of Canadian companies with international operations, influencing MEQT.TO.

Supply and Demand: Higher demand for MEQT.TO can push its price up, while increased selling pressure can lower it, independent of underlying asset values.

ETF Management Fees: MEQT.TO has an expense ratio. While relatively small, this ongoing cost affects the long-term returns and, indirectly, the ETF's price.

Geopolitical Events: Global events like trade wars or political instability can introduce market volatility, affecting investor sentiment and the ETF's price.

Economic Data: Canadian economic data such as GDP growth, employment figures, and consumer spending, influence investor confidence and affect MEQT.TO prices.