In my opinion yes, something in 6 figure range. That said, I am certainly no expert on high value sales, or country name sales, and totally see that a 7 figure is arguable.
Here is my reasoning for 6 figure ...
- Yes there have been some high value country sales - e.g. Korea at $5M and England at $2M, Russia at $1.5M . But most of those were some years ago, and I am not convinced that the price would be the same if they sold today.
- I think to some degree the value of a country .com scales according to some combination of the population, economic GDP, or travel industry value, and the high values scaled down get to 6 figure range in my opinion. Brazil.com sold for $500k and I would see Canada as a bit less than this, hence my estimate a bit below mid 6 figure.
- It is perhaps my limited thinking, but one view I take to domain worth is to take the possible price, imagine the reasonable end uses, take an investment ratio and see if they make sense. For example let's say if it sold at $1000000 and 4.5% is a reasonable investment ratio. Is having this name worth $45,000 per year. Possibly, but it needs to be a major business where this adds a lot of value. I wonder if the name is too generic. It could mean almost anything. I guess the two uses I could see that probably would get that value from the name would be a truly huge travel business running tours, etc. of Canada or a consortium of individuals involved in immigration to Canada (although the latter might like .org more). I may, writing this, be convincing myself that it is worth 7 figures however.
- I think the France saga and precedent might give pause to some who would otherwise consider a huge offer. I doubt Canada would do something similar, but I think it has to be a concern to anyone.
- I think the fact that some of the high value country sales remain unused (e.g. Korea) argues also against how high the real value of the name is. Not saying it is not really high, but if some of the earlier high country sales were clearly making big bucks would add to argument.
- That being said having the name would bring huge prestige, and may well be worth 7 figures to someone. I would not be surprised at all if the owner holds out until there is a 7 figure offer.
I totally accept that I may be very wrong on this (and well many things!

). Still thinking about it.
Bob