Investment

Landmark Strategy To Keep Victoria Number 1 For Investment

Published

5 years ago

March 15, 2020

Minister for Economic Development

The Andrews Labor Government is taking action to continue attracting the biggest and best companies from right around the world to start up business in Victoria and create local jobs.

Minister for Economic Development Tim Pallas today launched the Labor Government’s landmark International Investment Strategy – a blueprint to attract more international investment here in Victoria.

The strategy focuses on attracting global companies from emerging and growth industries that are crucial to growing the state’s economy, creating jobs and making Victoria an even better place to live.

The market for international investment capital is more competitive than ever, and this strategy will keep Victoria ahead of the pack.

It will connect foreign investors and global companies with our priority precincts and thriving regions, and leverage the skills and expertise of businesses right around the world to play a role in priorities such as major infrastructure, waste management and decarbonisation.

The strategy identifies five key foreign direct investment priorities:

Digital technology
Advanced manufacturing
Health and life sciences
Agri-food
New energy and emissions reduction.

Mr Pallas also announced Dr Jackie Fairley as Chair of the inaugural Invest Victoria board. Dr Fairley has more than 30 years’ experience in the pharmaceutical and biotechnology industries, working in business development and senior management roles.

Dr Fairley will be joined by Monash University Vice-Chancellor Margaret Gardner, investment banker John Wylie and former Federal Government minister Greg Combet on the inaugural board.

As noted by Minister for Economic Development Tim Pallas

“We’re leading the country when it comes to foreign investment and attracting big businesses from right around the world to set up shop here – and we want it to stay that way.”

“This landmark blueprint is about doing what we do best – selling our state’s strengths to attract businesses and create Victorian jobs.”

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Investment

S&P/TSX composite up more than 100 points, U.S. stock markets mixed

Published

6 days ago

October 16, 2024

Anne Joseph

TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.

The S&P/TSX composite index was up 103.40 points at 24,542.48.

In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.

The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.

The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.

The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.

This report by The Canadian Press was first published Oct. 16, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

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Economy

S&P/TSX up more than 200 points, U.S. markets also higher

Published

2 weeks ago

October 11, 2024

Anne Joseph

TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.

The S&P/TSX composite index was up 205.86 points at 24,508.12.

In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.

The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.

The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.

The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.

This report by The Canadian Press was first published Oct. 11, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

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Economy

S&P/TSX composite little changed in late-morning trading, U.S. stock markets down

Published

2 weeks ago

October 10, 2024

Anne Joseph

TORONTO – Canada’s main stock index was little changed in late-morning trading as the financial sector fell, but energy and base metal stocks moved higher.

The S&P/TSX composite index was up 0.05 of a point at 24,224.95.

In New York, the Dow Jones industrial average was down 94.31 points at 42,417.69. The S&P 500 index was down 10.91 points at 5,781.13, while the Nasdaq composite was down 29.59 points at 18,262.03.

The Canadian dollar traded for 72.71 cents US compared with 73.05 cents US on Wednesday.

The November crude oil contract was up US$1.69 at US$74.93 per barrel and the November natural gas contract was up a penny at US$2.67 per mmBTU.

The December gold contract was up US$14.70 at US$2,640.70 an ounce and the December copper contract was up two cents at US$4.42 a pound.

This report by The Canadian Press was first published Oct. 10, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

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