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New online tools streamline access to community data, investment opportunities | BC Gov News – BC Gov News

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People now have access to two new online community planning tools, offering easy access to data-driven insights and investment opportunities for communities across B.C.

Available to the public and local governments, including municipalities and regional districts, the Community Information Tool and the Community Investment Opportunities Tool provide central access points for community data, encouraging economic development and helping community planners and investment organizations thrive in the digital economy.

“I’m excited for the launch of these new planning tools as part of our efforts to offer a better, faster and easier service for people, businesses, and Indigenous and local governments searching online for data about communities in B.C.,” said Lisa Beare, Minister of Citizens’ Services. “Whether you work for a municipality or you’re a business owner, investor or community member interested in insights and opportunities, these tools can give you access to important community data.”

As part of the StrongerBC Economic Recovery Plan, the Ministry of Citizens’ Services received $700,000 to develop the Community Information Tool, including the integration of industrial lands data, which helps investors and planners identify industrial land vacancies for investment opportunities. The Community Information Tool and Community Investment Opportunities Tool are part of a suite of data-driven planning tools being developed under StrongerBC to provide communities with accessible resources for economic and community growth.

“Community development supports our work to build an innovative, sustainable and inclusive economy for all British Columbians,” said Ravi Kahlon, Minister of Jobs, Economic Recovery and Innovation. “Throughout the province, we’ve listened to local people’s need for community planning resources. Easy, accessible tools like these will allow our communities to strengthen and grow, helping to drive economic recovery as we emerge from the pandemic together.”

The Community Information Tool combines more than 40 public data sets, including census information, Data BC, the B.C. Data Catalogue and industrial lands information into one visual resource. The tool allows people to collect location-based data that they would typically need to search for on several websites. Categories include population, median household income, labour force, key sectors and connectivity. Users can also discover insights and patterns among B.C. communities using search filters for specific characteristics, such as economic health, access to education and health care, connectivity, infrastructure or emergency management.

Powered by the same database, the Community Investment Opportunities Tool connects investors with industrial, commercial and agricultural properties available for investment throughout the province. Community representatives can post properties available for sale or lease to investors. Interested investors can search for available opportunities by filtering based on various criteria.

The tools will assist economic planners to promote investment and plan infrastructure, helping level the economic development playing field between larger, well-resourced communities and smaller communities that might not have similar market access.

Quotes:

Roly Russell, Parliamentary Secretary for Rural Development –

“Meaningful community economic development is built on good information. So especially for rural B.C., easy-to-access and inclusive resources like this are a huge value for helping our communities thrive and grow. The launch of the Community Information Tool and the Community Investment Opportunities Tool will help people throughout British Columbia who are coming together to recover and rebuild stronger. These resources will support innovative and creative community development, and we are all excited to see that.”

Graham Truax, executive director, Innovation Island Technology Association –

“Accessible, inclusive resources like these online tools are important for community development. The launch of the Community Information Tool and the Community Investment Opportunities Tool comes at a time when people throughout British Columbia are coming together to recover and rebuild. These resources will make way for the kind of community development we are all looking forward to seeing.”

Learn More:

To access the new Community Information Tool and the Community Investment Opportunities Tool, visit: https://www2.gov.bc.ca/gov/content/governments/connectivity-in-bc/20532/20535  

For more information on StrongerBC, visit: https://strongerbc.gov.bc.ca/

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Tesla shares soar more than 14% as Trump win is seen boosting Elon Musk’s electric vehicle company

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NEW YORK (AP) — Shares of Tesla soared Wednesday as investors bet that the electric vehicle maker and its CEO Elon Musk will benefit from Donald Trump’s return to the White House.

Tesla stands to make significant gains under a Trump administration with the threat of diminished subsidies for alternative energy and electric vehicles doing the most harm to smaller competitors. Trump’s plans for extensive tariffs on Chinese imports make it less likely that Chinese EVs will be sold in bulk in the U.S. anytime soon.

“Tesla has the scale and scope that is unmatched,” said Wedbush analyst Dan Ives, in a note to investors. “This dynamic could give Musk and Tesla a clear competitive advantage in a non-EV subsidy environment, coupled by likely higher China tariffs that would continue to push away cheaper Chinese EV players.”

Tesla shares jumped 14.8% Wednesday while shares of rival electric vehicle makers tumbled. Nio, based in Shanghai, fell 5.3%. Shares of electric truck maker Rivian dropped 8.3% and Lucid Group fell 5.3%.

Tesla dominates sales of electric vehicles in the U.S, with 48.9% in market share through the middle of 2024, according to the U.S. Energy Information Administration.

Subsidies for clean energy are part of the Inflation Reduction Act, signed into law by President Joe Biden in 2022. It included tax credits for manufacturing, along with tax credits for consumers of electric vehicles.

Musk was one of Trump’s biggest donors, spending at least $119 million mobilizing Trump’s supporters to back the Republican nominee. He also pledged to give away $1 million a day to voters signing a petition for his political action committee.

In some ways, it has been a rocky year for Tesla, with sales and profit declining through the first half of the year. Profit did rise 17.3% in the third quarter.

The U.S. opened an investigation into the company’s “Full Self-Driving” system after reports of crashes in low-visibility conditions, including one that killed a pedestrian. The investigation covers roughly 2.4 million Teslas from the 2016 through 2024 model years.

And investors sent company shares tumbling last month after Tesla unveiled its long-awaited robotaxi at a Hollywood studio Thursday night, seeing not much progress at Tesla on autonomous vehicles while other companies have been making notable progress.

Tesla began selling the software, which is called “Full Self-Driving,” nine years ago. But there are doubts about its reliability.

The stock is now showing a 16.1% gain for the year after rising the past two days.

The Canadian Press. All rights reserved.

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

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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)

The Canadian Press. All rights reserved.

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

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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)

The Canadian Press. All rights reserved.

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