In my France game, I could conquer lands from north american indians beyond my colonization range (and without colonists!). They had a CoT as well. I don't know if it's always there, but that's worth looking into. Southern US and caribbean get expensive trade goods, so owning a CoT there means money. North US and Canada (yes Barbu, especially Canada) isn't worth much. Look at a province's base tax.
Moving your capital across the point is a valid strategy for European minors. Just do it.
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