A subsidiary of Vancouver-based HSBC Bank Canada (TSX:HSB.PR) has opened a new office in Montreal to provide services to immigrants filing under the Quebec Immigrant Investor Program.
HSBC Trust Company's new Montreal office will support potential investor immigrants, particularly from China. It plans to tap the bank's international network to help attract potential investor class immigrants to the French-speaking province.
Investments from Quebec's Immigrant Investor Program are used to create non-refundable grants to small- and medium-sized businesses based in Quebec.
HSBC's share price range during the past week: between $21.75 and $22.40; 52-week high: $26.33; 52-week low: $21.27.