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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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Trump's Tariffs on Canadian and Mexican Imports Set for March 4

In a significant move that could reshape North American trade dynamics, President Donald Trump has announced that tariffs on Canadian and Mexican imports will go into effect on March 4. This decision comes after months of negotiations and escalating trade tensions between the United States and its neighbors.

The tariffs, which include a 25% duty on steel and aluminum imports from Canada and Mexico, are part of a broader strategy to protect American industries and reduce the trade deficit. The Trump administration argues that these measures are necessary to revitalize the U.S. manufacturing sector, which has been adversely affected by cheaper foreign materials.

Canada and Mexico have been working to avoid these tariffs by enhancing border security and curbing fentanyl trafficking. Despite these efforts, the Trump administration has decided to proceed with the tariffs, citing the need for more substantial progress.

The implementation of these tariffs could have far-reaching consequences for the North American economy. Industries that rely on cross-border supply chains, such as automotive and energy sectors, may face increased costs and disruptions. Critics argue that the tariffs could lead to higher prices for consumers and potential retaliatory measures from Canada and Mexico.

As the March 4 deadline approaches, businesses and policymakers on both sides of the border are bracing for the impact of these tariffs. The move underscores the Trump administration's commitment to using tariffs as a tool for economic policy and trade negotiations.


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