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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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Canada’s Economy Surges: Q4 Growth Exceeds Expectations By Copilot

 

In a welcome turn of events, Canada’s economy demonstrated resilience by surpassing expectations in the fourth quarter of 2023. Here are the key highlights:

Fourth-Quarter Growth

  • Annualized Rate: The Canadian economy expanded at an impressive annualized rate of 1.0% during Q4. This growth rate exceeded both the Bank of Canada’s (BoC) conservative 0.0% forecast and the 0.8% growth rate anticipated by analysts in a Reuters poll.

  • Exports Fuel Growth: The surge in quarterly growth was primarily driven by a rise in exports, even as imports declined. This positive momentum reflects the country’s ability to navigate global challenges.

  • Business Investment Moderates: While exports played a pivotal role, a decline in business investment acted as a moderating factor. Balancing these dynamics is crucial for sustained economic progress.

Inflation and Monetary Policy

  • Central Bank’s Dilemma: The Bank of Canada faces a delicate balancing act. With inflation still running above its 2% target at 2.9%, the central bank must carefully consider its next moves.

  • Interest Rates: The BoC’s focus has shifted from rate hikes to potential rate cuts. The current policy rate stands at a 22-year high of 5%. The bank’s next announcement is scheduled for March 6, where it is expected to maintain rates.

  • Market Expectations: Money markets predict a rate cut in June, with bets fully priced in for a 25 basis point cut in July. Investors are closely monitoring economic indicators for clues on the central bank’s future actions.

January’s Momentum

  • Gross Domestic Product (GDP) likely grew by 0.4% in January, according to Statistics Canada data. Sectors such as educational services and health care contributed positively, while mining, quarrying, and oil and gas extraction faced headwinds.

As Canada continues its economic journey, policymakers, businesses, and investors remain vigilant. The robust Q4 performance provides hope for sustained growth, but challenges persist. 

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