Article content

TORONTO — Accounting giant KPMG says Canada has proven to be second most competitive market in a comparison test of 10 leading industrial countries.

[np_storybar title=”Top 10 competitive countries” link=””]

Accounting giant KPMG says Canada was the second most competitive market in a comparison of 10 leading industrial countries. Following is the list of countries in order.

1. Mexico

2. Canada

3. The Netherlands

4. Italy

5. Australia

6. France

7. United Kingdom

8. Germany

9. Japan

10. United States

We apologize, but this video has failed to load.

tap here to see other videos from our team. Try refreshing your browser, or Canada ranked second most competitive for business among leading industrial nations Back to video

[/np_storybar]

In its report, KPMG says Canada lags only behind Mexico when it comes to how little businesses have to pay for labour, facilities, transportation and taxes.

The report, which compared the competitiveness of a number of western countries along with Australia and Japan, found that a high U.S. dollar has helped Canada stay affordable despite rising office real estate costs and lower federal tax credits.