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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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Israel Rejects Ceasefire Proposal Accepted by Hamas as Rafah Invasion Looms

 

In a tense turn of events, Hamas has announced its acceptance of an Egyptian-Qatari proposal for a ceasefire to halt the seven-month-long war with Israel in Gaza. However, Israel remains skeptical and has not yet confirmed its agreement to the deal. The situation remains precarious as both sides grapple with their demands and the potential consequences of further military action.

The Ceasefire Proposal

The proposed ceasefire aims to bring an end to the ongoing conflict that has resulted in significant loss of life and displacement. While Hamas has welcomed the proposal, Israel has rejected it, citing concerns about the safety of its citizens and the need for a comprehensive solution. The proposal includes provisions for a full withdrawal of Israeli troops from Gaza and a cessation of hostilities.

Israel’s Stance

Israel maintains that it will continue military operations until Hamas is defeated and has expressed its intention to retain a security presence in Gaza3. The rejection of the ceasefire proposal underscores the deep-rooted tensions between the two parties and their differing visions for a peaceful resolution.

The Rafah Situation

Rafah, a city in southern Gaza, has become a focal point in the conflict. The Israel Defense Forces (IDF) have called for civilians in eastern Rafah to move toward an expanded humanitarian area, potentially signaling preparations for a ground invasion. However, President Joe Biden and other world leaders have repeatedly voiced opposition to such an invasion, warning of a spike in civilian casualties and a worsening humanitarian crisis. The population in Rafah has swelled to an estimated 1.4 million people following Israel’s offensive in Gaza in retaliation for Hamas’ attack on Israel and the taking of hostages.

The Way Forward

As the situation remains fluid, international leaders continue to engage in diplomatic efforts to find a resolution. CIA Director William Burns is set to travel to Israel for further hostage and ceasefire talks after discussions in the Qatari capital, Doha. The stakes are high, and the world watches closely as both sides weigh their options.


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