Company Performance: TD's financial health, including earnings, revenue growth, and profitability, directly influences investor confidence and stock price.

Interest Rates: As a preferred share, TD-PFC.TO's price is sensitive to interest rate changes. Rising rates can make fixed-income investments less attractive, potentially lowering its price.

Market Sentiment: General economic conditions, investor mood, and overall market trends can impact demand for TD-PFC.TO shares.

Credit Rating: TD's credit rating affects the perceived risk associated with the preferred shares. A downgrade could negatively impact the price.

Redemption Features: The terms of the preferred shares, including any redemption options, can influence the price as the redemption date approaches.

Dividend Yield: The dividend yield compared to other similar investments impacts its attractiveness. A higher yield can increase demand and price.

Liquidity: The ease with which TD-PFC.TO shares can be bought and sold affects its price. Low liquidity can lead to price volatility.