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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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Dow’s Remarkable Rally: An 8-Day Streak of Triumphs

 

In an impressive display of resilience, the Dow Jones Industrial Average has secured its eighth consecutive day of gains, a streak not seen since early 2019. This sustained upward movement comes amid growing optimism that the Federal Reserve may introduce a rate cut sooner than anticipated.

Investors have been closely monitoring a series of speeches from Federal Reserve officials, seeking confirmation of the burgeoning belief that a rate reduction is imminent. This sentiment has been bolstered by recent indicators suggesting a cooling labor market, which could prompt a more accommodative monetary policy stance.

The Dow’s latest climb of roughly 0.2% is part of a broader recovery from April’s market slump, with the S&P 500 also advancing towards a record high. The tech-heavy Nasdaq Composite has paralleled this ascent, albeit at a more modest pace.

On the corporate front, standout performances include TSMC, whose shares surged following a 60% sales increase in April, driven by persistent demand for AI and a resurgence in consumer electronics.

As the market heads into the weekend, all eyes are on the upcoming consumer price index report, which will offer further insights into the Federal Reserve’s potential rate cut trajectory. Investors remain hopeful that a dovish turn in policy could sustain the current rally, propelling the Dow and its counterparts to new heights.

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