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Provincial finance minister says major investors confident in B.C.

Institutional investors and major investment firms in New York, Montreal and Toronto are confident that B.C. is well positioned to come out of the recession much stronger than other provinces, according to Finance Minister Colin Hansen.

Institutional investors and major investment firms in New York, Montreal and Toronto are confident that B.C. is well positioned to come out of the recession much stronger than other provinces, according to Finance Minister Colin Hansen.

Hansen spent this week briefing major investors in North America about the province's current financial and economic situation.

"The size of our deficit and the amount of borrowing we're going to have to do in the next few years was not, in any way, a concern in any of the meetings we were engaged in. They see B.C. as a very strong leader in North America and one of only two provinces with a AAA rating. That certainly has not gone unnoticed."

He noted that investors remain keen to invest in B.C., both in terms of capitalizing on B.C.'s place as Canada's gateway to the Asia Pacific, and in buying B.C. government bonds.

Hansen said B.C. will again offer provincial bonds to fund B.C.'s deficit, but "not as much as other provinces."

Much of the bond investment is expected to come from Canadian investors, but Hansen was open to any international investment.