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Montreal most business cost-effective city in the world

Mar 29
 
Tags: Canada, KPMG LLP
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Montreal most business cost-effective city in the...

by Richard Stewart

Montreal has been named as the most cost-effective city for business across the world, as part of a KMPG report.

The company's Competitive Alternatives 2012 survey found that cities in Ontario, Canada, outperformed the likes of many US states in terms of business costs, with Montreal and Toronto placed first and second respectively ahead of the likes of Atlanta, Orlando and Chicago.

While the research ranked the UK as the most competitive place to do business in the world, Montreal was highlighted as a key place to keep the cost of operations to a minimum.

At a time when the world is being plagued by recession, experts have commended the Ontario cities for keeping costs down.

Elio Luongo, managing partner of KPMG in Canada, said: "Ontario cities benefit from low industrial leasing costs, low transportation costs and low natural gas prices, which continue to make Ontario an attractive place to do business."

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