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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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Deadly 6.9-Magnitude Earthquake Rocks Central Philippines, Triggers Widespread Damage

 

                                            A 6.9 Earthquake Hits Central Philippines.


A powerful 6.9-magnitude earthquake struck the central Philippines late Tuesday night, shaking Cebu and nearby provinces and leaving behind collapsed buildings, power outages, and casualties. The quake’s epicenter was located just offshore near Palompon, close to the city of Bogo in Cebu province, at a shallow depth of 10 kilometers, according to the US Geological Survey.

The tremor caused severe structural damage across Cebu, Bantayan Island, and Leyte, with reports of a sports complex collapsing during a basketball game in San Remigio, killing at least 13 people, including members of the Philippine Coast Guard and a firefighter. Rescue teams are racing to reach those trapped under debris, while hospitals are treating dozens of injured residents.

Authorities reported widespread power outages after transmission lines tripped, plunging communities into darkness. Several schools, churches, and commercial buildings sustained heavy damage, and local officials have suspended classes and work until safety inspections are completed.

The Philippine Institute of Volcanology and Seismology (Phivolcs) initially issued a tsunami alert for Cebu, Leyte, and Biliran provinces, but later lifted it after confirming no major threat. However, residents were urged to remain cautious due to aftershocks and possible minor sea-level disturbances.

Governor Pamela Baricuatro of Cebu appealed for calm, assuring residents that emergency aid and rescue operations are underway. With more than half a million people experiencing strong shaking, the disaster has once again highlighted the Philippines’ vulnerability as it sits along the Pacific Ring of Fire, one of the world’s most seismically active regions.

This is a developing story, with damage assessments and relief efforts continuing across the Visayas.


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