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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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Oil Markets Roar as Iran Conflict Pushes Prices to Highest Levels Since 2022

 


                        A man fills up his car as others wait in a line at a gas station in Seoul, South Korea


Oil prices have surged past $119 a barrel, reaching their highest point since mid‑2022 as the escalating U.S.–Israeli conflict with Iran disrupts global energy supplies. The spike comes amid major producer output cuts, shipping disruptions, and heightened fears over the stability of Middle Eastern supply routes.

Brent crude briefly hit $119.50, marking one of the largest single‑day jumps on record, while U.S. WTI futures mirrored the surge. Analysts attribute the volatility to attacks on oil infrastructure, reduced output from Gulf producers, and the threat of prolonged instability in the Strait of Hormuz—through which nearly a fifth of the world’s oil flows. 

As markets brace for continued uncertainty, governments and financial institutions are monitoring the situation closely, with some G7 nations considering emergency reserve releases to stabilize supply. 

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