Underlying Holdings Performance: WSRD.TO's price mirrors the performance of the companies it holds, primarily targeting those with high growth potential. Good performance in these companies tends to drive the ETF price upwards.

Interest Rate Changes: Rising interest rates can negatively impact WSRD.TO as growth stocks are often valued based on future earnings, which become less attractive when discounted at higher rates.

Economic Growth Outlook: Strong economic growth typically benefits growth stocks, potentially boosting WSRD.TO. Conversely, a slowing economy could hinder performance.

Market Sentiment: Overall investor optimism or pessimism towards growth stocks greatly affects demand, influencing WSRD.TO's price irrespective of company fundamentals.

Currency Fluctuations: Since some of WSRD.TO's holdings may be denominated in other currencies, exchange rate changes can impact the ETF's value when converted back to Canadian dollars.

Fund Flows: Large inflows into WSRD.TO can drive up demand and potentially the price, while significant outflows might put downward pressure.

Sector Trends: The performance of sectors in which WSRD.TO's holdings operate influences its price. Positive sector trends can lead to higher valuations.

Inflation Levels: High inflation can erode the value of future earnings, which is a key factor in valuing growth stocks, potentially negatively impacting WSRD.TO.