An interesting story yesterday from CBC News on the elimination of the Immigrant Investor Program. Some information on the program and how a potential investor could qualify:
The Immigrant Investor Program, launched in 1986, offered visas to business people with a net worth of at least $1.6 million who were willing to lend $800,000 to the Canadian government — for investment across Canada — for a term of five years.
View the CBC story and news segment video here. There are opinions on both sides as to whether this will lead to changes – will the market see any immediate or longer term changes due to this development? Contrary to the market disaster predictions by a couple of interviewees in the linked video above, I am predicting that the market will not suddenly grind to a halt.
Now I’d like to know how you feel about this story. Please provide your anonymous answers below…