08/21/2012 03:44 EDT | Updated 08/19/2013 02:36 EDT

D-Wave Leads BC Investment To Top Canadian Report


VICTORIA - The B.C. government is touting a new report that says the province is attracting more investment than other jurisdictions in Canada.

The report prepared for the Canadian Venture Capital and Private Equity Association suggests investment activity rose by 71 per cent in B.C. in the second quarter this year compared to 2011.

The report by Thomson Reuters says the province drew more than 20 per cent of all venture capital invested in the country.

It also says the largest deal made in Canada during the second quarter happened in B.C., with computer hardware company D-Wave attracting a nearly $36-million investment.

The report pegs Vancouver as the country's second-largest economic hub, with Toronto currently in first place.

Jobs Minister Pat Bell credits the province's low-tax, stable investment climate for boosting the economy and creating employment.

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