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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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Tech Stocks Rally After Inflation Data Shows Improvement

                                            

In a surprising turn of events, tech stocks led a market rally today following better-than-expected inflation data. Here are the key highlights:

  1. Inflation Eases Slightly: Despite persistent concerns about rising prices, the latest data indicates a slight easing of inflationary pressures.

  2. Consumer Price Index (CPI): The Consumer Price Index, a crucial measure of inflation, showed more favorable numbers than anticipated. This development has reinforced expectations that the Federal Reserve may soon cut interest rates.

  3. Tech Stocks Surge: Investors cheered the news, particularly in the tech sector. Companies like Apple, Microsoft, and NVIDIA (NVDA) saw significant gains.

  4. Market Outlook: With inflation under control, market sentiment has improved. The Dow Jones Industrial Average (^DJI) and the Nasdaq Composite (^IXIC) both posted strong gains.

While uncertainties remain, today’s positive data offers hope for investors. Keep an eye on further economic reports this week as the market reacts to changing conditions.






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