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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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Record Heat Wave Sweeps US Northeast: NYC to Reach 98°F

 

New York and the rest of the US Northeast are about to experience scorching temperatures due to a record-breaking heat wave. Here are the key points:

  1. Heat Wave Intensity:

    • Manhattan’s Central Park is expected to reach 98°F (37°C) by Friday, according to the National Weather Service.
    • The worst of the heat will impact the Midwest, upstate New York, and New England before descending on New York City and Washington.

  2. Implications:

    • The heat wave will boost electricity demand and raise health risks.
    • Commuters may face challenges due to the extreme weather conditions.
    • Heat-related illnesses are a concern, and New York Governor Kathy Hochul has warned residents about the severity of the heat wave.

  3. Regional Impact:

    • Over 120 daily high temperature records may be broken or tied across the US, with the majority in the Midwest, Mid-Atlantic, and New England.
    • New England is likely to experience the most intense heat, with Concord, New Hampshire, possibly reaching 101°F on Thursday.
    • The heat will also extend into Canada, affecting cities like Montreal and Toronto.

  4. Weather Pattern:

    • A large high-pressure system over the eastern US will trap the heat, intensifying the conditions.
    • While New England may see some relief later in the week, New York and Washington will likely remain hot.

In summary, stay prepared for extreme heat, take necessary precautions, and stay hydrated during this intense weather event. 


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