SKYY.TO is a Canadian-listed ETF that tracks the Solactive Cloud Technology Index. Market Sentiment: Overall investor confidence and risk appetite influence demand for growth-oriented sectors like cloud technology.

Index Performance: The primary driver is the performance of the Solactive Cloud Technology Index it tracks.

Constituent Stock Prices: The values of the individual cloud computing companies within the index directly affect SKYY.TO's price.

Currency Fluctuations: As a Canadian-listed ETF holding global stocks, changes in the CAD/USD exchange rate can impact returns.

Interest Rates: Rising interest rates can negatively affect growth stocks as they increase the discount rate used to value future earnings.

ETF Flows: Large inflows or outflows of capital into SKYY.TO can create buying or selling pressure, affecting its price.

Economic Growth: Strong economic growth generally supports businesses' willingness to invest in cloud services, benefiting the sector.

Technological Advancements: Breakthrough innovations and adoption rates within cloud computing impact investor sentiment and stock valuations.

Competition: The competitive landscape among cloud providers impacts individual company performance and the overall index.

Regulatory Changes: Government regulations related to data privacy, security, and cloud computing can influence the industry's prospects.

Company Earnings: Earnings reports from major cloud companies in the index can trigger price movements in SKYY.TO.