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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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Greece Leads EU Naval Mission in the Red Sea to Safeguard Shipping

 

In a significant move, Greece has formally agreed to participate in and lead a European Union maritime security operation in the Red Sea. The mission aims to protect commercial shipping from attacks by Houthi militants in Yemen.

The operation, aptly named “Aspides” (derived from the Greek word for “shield”), was launched last week. Under the command of Greek Navy Commodore Vasilios Griparis, the mission will operate from a military base in Larissa, central Greece.

Greece, a major commercial shipping power, has felt the direct impact of Houthi attacks. The port of Piraeus, located near Athens, reported a 12.7% drop in activity at its container terminal in January, on an annual basis. Safeguarding maritime trade routes is not only crucial for Greece but also an existential necessity for the European Union.

Greek Defense Minister Nikos Dendias emphasized that the Aspides mission is purely defensive. Greece will not participate in U.S.-led attacks against Houthi military targets in Yemen. Instead, the focus is on securing safe passage for merchant vessels navigating the Red Sea.

The Houthi militants, backed by Iran, have targeted commercial ships using drones and missiles. Their actions are purportedly in response to Israel’s offensive in Gaza against Hamas, which began in October. Minister Dendias clarified that Greece does not take sides in the Houthi conflict but asserts the right to protect its ships and those of other European nations.

As Greece takes the helm in this critical EU naval mission, it underscores the importance of cooperation and vigilance in maintaining open maritime trade routes. The shield of Aspides stands resolute, ensuring safe passage for ships in troubled waters.


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