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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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Carney Joins G20 Leaders in Johannesburg as Bloc Moves Forward Without U.S.

PM Carney in Johannesburg as G20 members agree to release a declaration without U.S.


Prime Minister Mark Carney arrived in Johannesburg, South Africa, for the historic G20 summit, the first ever held on African soil. The gathering has been overshadowed by a U.S. boycott, yet leaders from across the globe have agreed to move ahead with a joint declaration, signaling a determination to maintain unity despite Washington’s absence.

South African officials confirmed that the declaration will address pressing global challenges, including inclusive economic growth, climate change, food systems, and clean energy. Carney participated in sessions focused on reforming financing for development in the morning, followed by discussions on sustainability in the afternoon. The declaration, adopted unanimously by the remaining members, is being hailed as a symbolic victory for Africa’s growing role in global governance.

Carney also held bilateral meetings with leaders from France, Jamaica, Norway, Germany, the U.K., the European Union, and the World Trade Organization, underscoring Canada’s commitment to multilateral cooperation. On the sidelines, he and French President Emmanuel Macron discussed the conflicts in Ukraine and Gaza, reaffirming support for Kyiv and stressing the need for stability in the Middle East.

The U.S. boycott, reportedly driven by disagreements over language in the declaration, has highlighted tensions between Washington and other G20 members. South African President Cyril Ramaphosa’s government emphasized that the statement “cannot be renegotiated,” reflecting a firm stance against U.S. pressure.

For Canada, Carney’s presence marks a significant moment in foreign policy, as Ottawa seeks to strengthen ties with African nations and support global initiatives on critical minerals, AI for sustainable development, and wildfire prevention. The summit’s outcome suggests that the G20 is willing to chart a course forward, even without U.S. participation, reinforcing the bloc’s resilience in addressing shared challenges.


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