Global Market Performance: QDXB.TO tracks global ex-North America dividend stocks, so overall global market sentiment significantly impacts its price.

Currency Fluctuations: As the ETF holds international assets, currency exchange rates between the Canadian dollar and the currencies of the underlying assets influence its value.

Interest Rate Changes: Interest rate hikes or cuts in the countries where the underlying stocks are listed can affect their valuations and subsequently, the ETF's price.

Dividend Yields: The dividend yields of the companies held within the ETF directly influence its attractiveness and price. Higher yields may increase demand.

Sector Performance: The performance of specific sectors represented in the ETF's portfolio can impact its overall price. Strong or weak sector performance affects constituent companies.

Economic Growth: Economic growth or recession in the regions where the ETF's holdings are located affects corporate profitability and, thus, the ETF's price.

Investor Sentiment: General investor risk appetite towards international equities and dividend-focused strategies drives demand and impacts the ETF's trading price.

Fund Flows: Large inflows or outflows from the ETF can cause price fluctuations, reflecting buying or selling pressure.

Political and Geopolitical Risks: Political instability or geopolitical events in regions where the underlying companies operate can affect investor confidence and the ETF's price.