et cetera
FROM: JUL-AUG 2004 ISSUE
Canada is the least costly place to do business, according to a recent KPMG survey comparing the business costs of 98 cities in 11 countries in North America, Europe, and Asia.
Assigning the baseline index of 100 to the United States, the survey ranked the various countries from least to most expensive as follows:
| Rank |
Country |
Cost Index |
| 1. |
Canada |
91 |
| 2. |
Australia |
91.5 |
| 3. |
United Kingdom |
97.6 |
| 4. |
Italy |
98.7 |
| 5. |
France |
99.1 |
| 6. |
Luxembourg |
99.1 |
| 7. |
United States |
100 |
| 8. |
Iceland |
103.3 |
| 9. |
Netherlands |
104 |
| 10. |
Germany |
113.9 |
| 11. |
Japan |
123.8 |
All Canadian cities were ranked ahead of the 44 U.S. cities included in the study, with Moncton, N.B., topping the list as the least expensive.
| Rank |
City |
Cost Index |
| 1. |
Moncton |
88.1 |
| 2. |
Halifax |
88.6 |
| 3. |
Edmonton |
89.2 |
| 4. |
Saskatoon |
89.4 |
| 5. |
Kelowna |
89.7 |
| 6. |
Winnipeg |
90.5 |
| 7. |
Waterloo |
91 |
| 8. |
Montréal |
91.3 |
| 9. |
Ottawa |
92 |
| 10. |
Toronto |
93.2 |
| 11. |
Vancouver |
93.6 |
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