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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 Flash Floods Ravage Morocco’s Coastal City of Safi

 

                            People wade through a street after a flash flood in Safi on December 14, 2025.

Torrential rains have unleashed devastating flash floods in Morocco, killing at least 37 people in the coastal city of Safi, according to the Interior Ministry. The disaster, which struck overnight on December 14, submerged around 70 homes and businesses, swept away ten vehicles, and left 14 people hospitalized, including two in intensive care.

Safi, a port city on Morocco’s Atlantic coast with a population of more than 300,000, is a vital hub for fishing and phosphate mining. The floods disrupted daily life, forcing schools to close for three days as residents began assessing the damage and cleaning their homes. Videos shared on social media showed cars stranded and partially submerged, while rescue teams used boats to reach trapped residents.

The floods also caused damage in other regions, including Tetouan in the north and the mountain town of Tinghir, highlighting the widespread impact of the severe weather. Authorities described the event as the deadliest flash flood Morocco has experienced in over a decade, underscoring the growing vulnerability of communities to extreme weather linked to climate change.

Local officials have urged caution as more rainfall is forecast, raising fears of additional flooding. The tragedy has sparked renewed calls for improved infrastructure and disaster preparedness in Morocco, where sudden storms can overwhelm drainage systems and put lives at risk.

In summary: Morocco is mourning the loss of 37 lives after catastrophic flash floods struck Safi, a stark reminder of the destructive power of extreme weather and the urgent need for resilience against climate change.

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