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A Canadian Dividend Stock Is Leaving Canada — What Algonquin Power's US Move Means for Your RRSP and TFSA

  Published August 9, 2026 Algonquin Power's move to Delaware could change how your dividends are taxed — and whether index funds keep holding the stock at all. If you've owned Algonquin Power & Utilities Corp. (TSX/NYSE: AQN) in your RRSP or TFSA for the dividend, pay attention this week. On Friday, August 7, the Oakville, Ontario-based utility announced it plans to leave Canada — reincorporating as a Delaware company with its head office moving to Chicago. It's not a rumour or a boardroom leak. It came straight from the company's own Q2 2026 earnings release, and CEO Rod West was blunt about the reasoning: more than 80% of Algonquin's operations are now in the United States, with less than 5% left in Canada. The plan is to align the corporate address with where the business actually lives. What's actually changing Here's the plan as Algonquin has laid it out: The company would formally "continue" out of Canada and reincorporate in Delaware,...
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Oil Market in for Uncomfortable Few Weeks After Drone Strike

 


On January 29, 2024, a drone strike killed three US soldiers in the Middle East, escalating regional conflicts and irritating oil markets. The attack’s near-term impact on oil supply is expected to be limited, but the situation is still volatile. Prosper Trading Academy CEO Scott Bauer and Eurasia Group Middle East Practice Head Ayham Kamel warn that this is not going to be a comfortable few weeks.

The oil market is already on its heels due to weak demand. Though geopolitical tensions could move prices, the impact appears muted as risks are already priced in. Bauer sees crude oil in a bearish macro position and is enthusiastic about the current volatility for traders, suggesting investors look to sell.

In conclusion, the drone strike has created an uncomfortable situation for the oil market. While the attack’s near-term impact on oil supply is expected to be limited, the situation is still volatile and could lead to further disruptions in the future.

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