The waste management company said Wednesday it will move from Vaughan, Ont., to Miami Beach, Fla, a shift it said will help broaden its eligibility for U.S. equity indices, while maintaining its Canadian index status.
(The Logic)

Talking point: The shift follows a broader trend of Canadian companies redomiciling to tap U.S. capital markets, with firms such as Brookfield Asset Management and RB Global relocating to New York and Chicago, respectively. GFL chief executive officer Patrick Dovigi said in a press release that the U.S. accounts for more than two-thirds of the company’s revenue, with over half coming from the southeastern region. The move comes shortly after GFL agreed to sell roughly $8 billion of its environmental services business to reduce a heavy debt load and after it faced a series of arson attacks. The company said it’ll remain incorporated in Canada and keep its TSX listing.