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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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U.S. Stock Market Rallies as Dow Streaks and S&P 500 Surges


The U.S. stock market experienced a significant upswing today, with the Dow Jones Industrial Average extending its winning streak to seven consecutive trading sessions. The S&P 500 also made a notable climb, moving back above the 5,200 mark for the first time since early April. This positive momentum is largely attributed to signs of a cooling labor market, which has fueled investor optimism for a potential rate cut by the Federal Reserve in the coming months.

  • Dow’s Winning Streak: The Dow rose by approximately 0.9%, marking its seventh day of gains.
  • S&P 500’s Climb: The S&P 500 gained 0.5%, breaching the 5,200 level once again.
  • Labor Market’s Influence: Initial weekly jobless claims increased, suggesting a slowing job market and raising hopes for a Fed rate cut.
  • Sector Performance: Real Estate and Utilities led the sectors, while Technology and Communications Services lagged behind.

Investors are closely monitoring the labor market and other economic indicators to gauge the Federal Reserve’s next moves, which could have significant implications for the stock market’s trajectory in the near future.

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