Constituent Stock Prices: The price of TUSB-U.TO is directly affected by the share prices of the underlying US-listed technology stocks it holds. A rise or fall in these stock prices will cause a similar movement in the ETF's price.

Currency Exchange Rate: As TUSB-U.TO tracks US-listed stocks, the CAD/USD exchange rate plays a role. A stronger Canadian dollar against the US dollar could reduce the ETF's price in CAD terms, and vice versa.

Supply and Demand: Market forces of supply and demand for TUSB-U.TO shares themselves influence its price. High demand pushes the price up, while increased selling pressure can lower it.

Investor Sentiment: Overall investor sentiment towards the technology sector and US equities impacts TUSB-U.TO. Positive sentiment can increase buying activity, raising the ETF's price.

Economic Conditions: Broad economic factors like interest rates, inflation, and economic growth in both Canada and the US can indirectly affect the ETF by influencing the performance and valuation of its underlying holdings.