Q: I I am embarrassed to ask this question: I notice the share price fluctuates between $50.00 and $50.24. Is that just a function of the monthly payment? In other words does one need to time purchases? I am sitting on a ton of cash and want to earn some interest (right now sitting in cash in my rrsp earning nothing).
5i Research Answer:
The monthly payment is one reason, but ETFs also trade on supply/demand to a certain degree. Market makers can create/cancel units to meet buy/sell demand, but there is trading on normal supply/demand as stocks do as well.
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