KPMG’s “Competitive Alternative” shows that Canada has attractive overall business costs, especially when compared to costs in the United States of America.
The Region’s emergence as an export-driven economy owes itself to efficient access to large scale road, rail, and air transportation systems, including ready access to Canada’s most important road transportation corridor (Highway 401) and three major Canadian-United States border crossings: Niagara; Windsor/Detroit; and Sarnia/Port Huron.
The Waterloo Region is a globally recognized advanced technology cluster while also having one of the highest concentrations of manufacturing activity among Canada’s metropolitan areas. Additionally, the Region is home to one of Canada’s largest insurance industry clusters. The business base is diverse, ranging from large multinational to countless small start-up companies on the leading edge of innovation. Leading economic sectors are; Automotive, Technology, Advanced Manufacturing and Business Services.
The Waterloo Region is one of Canada’s fastest growing communities, expected to reach 729,000 people by 2031. The growth rate of the Region is nearly twice the Canadian average. The median population age is one of the lowest in Canada. In 2011, the Waterloo Region’s Gross Domestic Product (GDP) was worth $20.2 billion.
The Waterloo Region is built on a foundation of entrepreneurship and innovation. The success of the Region has created a deep pool of talent that ensures continual inflow of educated and ambitious people. The labour resource is +290,000 people within the Waterloo Region, and +2.7 million people within a 45 minute drive.
Canada’s excellent economic fundamentals and political stability provide a first-rate, low-risk business environment. We are in a strong fiscal position, with our Canadian banking system being the soundest in the G7. We are proud to be the best country in the world to do business (Consider Canada).