Time to Reverse Canada’s Sharp Competitive Edge against the U.S.

Anthony B. Kim / April 01, 2010

Early this year, the 2010 Index of Economic Freedom, the Heritage Foundation’s data driven policy guide, reported that our economy is no longer in the top tier of economically free countries.  Worse, still, we slipped behind our northern neighbor Canada for the first time in the Index history. This disappointing news is vividly echoed in KPMG’s just released study, Competitive Alternatives 2010

The report provides an updated comparison of global business locations, focusing on costs of conducting businesses. According to the report, “Canada now holds a 5 percent business cost advantage over the United States—an improvement over the virtual break-even position reported in the previous edition of the biennial study, last released in 2008.” (more…)