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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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China Stands Firm Amid Escalating Trade Tensions with the U.S.

In a bold move, Chinese President Xi Jinping declared that China is "not afraid" of external pressures as Beijing raised tariffs on U.S. goods to 125%. This escalation marks a significant chapter in the ongoing trade war between the world's two largest economies. Xi emphasized China's resilience, stating that the nation has thrived on self-reliance and hard work for over 70 years, and it will not bow to what he described as "unjust suppression".

The tariff hike comes as a response to the U.S.'s recent increase in levies on Chinese imports, which now stand at a staggering 145%. Both nations have engaged in a tit-for-tat exchange of economic measures, fueling fears of a global recession and unsettling international markets. Despite the tensions, Xi expressed confidence in China's ability to navigate these challenges, focusing on strengthening ties with other global partners.

This development underscores the deepening rift between the two economic powerhouses, with no clear resolution in sight. The world watches closely as the trade war continues to reshape global economic dynamics.

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