The Jamaica Stock Exchange (JSE) will be targeting Canadian investors, especially those from the diaspora, to invest in companies listed on the exchange.
Marlene Street Forrest, General Manager of the JSE announced on Thursday that the opportunity arose from the fact that the JSE was recently approved by Canada’s Finance Minister, Joe Oliver, as a designated stock exchange.
“What it means is that persons in the Diaspora purchasing equities on our market, the gain on those will not be subject to tax,” she explained.
Accordingly, she said, the Jamaican exchange “will try to make inroads into that particular achievement so as to continue to grow the market.”
Street Forrest also announced that the JSE is expecting as much as six new listings on the Junior Market this year. Those will follow five listings last year.View the original article here
JSE looking to Jamaican Diaspora in Canada to grow business
