Canada cheapest among G7

Study finds cost of doing business still lowest, despite rising dollar
||Last Updated: 04/05/2006

While the cost of business in Canada has increased, it's still the cheapest among the Group of Seven industrialized countries, according to a KPMG study.

The rising dollar has eroded some of Canada's lead over the United States — from a nine per cent difference in 2004 to a 5.5 per cent difference in 2005.

Lower wages, electricity and facility costs have helped Canada maintain its advantage.