The week at a glance...Americas

Americas

Ottawa

Millionaire immigrants denied: Canada has scrapped its “investor immigrant” policy, under which any millionaire who invested around $400,000 in Canada could apply for citizenship. The government said the investor immigrants tended to pay less in taxes than other immigrants and were less likely to stay in Canada over the long term. Some 65,000 mostly Chinese applicants will be denied citizenship, even though they have already submitted their paperwork and in many cases already invested. “While we recognize that some investors have settled in Canada and have made valuable contributions, we believe that we can do better,” said Immigration Minister Chris Alexander.

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