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Accounting giant KPMG says Canada has proven to be second most competitive market in a comparison test of 10 leading industrial countries.
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.
2016 Ranking:
1. Mexico (1)
2. Canada (2)
3. The Netherlands (3)
4. Italy (6)
5. Australia (8)
6. France (5)
7. United Kingdom (4)
8. Germany (10)
9. Japan (7)
10. United States (9)
The number in brackets represents the ranking in 2014 when the last report was released.
Whatever, I guess, that's why everything's more expensive than in the States (even remote ones, like Hawaii) and the services are crap, because Canada is so competitive market. Who gives a flying damn, keep strokin'.
Whatever, I guess, that's why everything's more expensive than in the States (even remote ones, like Hawaii) and the services are crap, because Canada is so competitive market. Who gives a flying damn, keep strokin'.
Umm, I guess you haven't noticed that the Canadian dollar is in the toilet and that's why many things are more expensive. That fact that as a result the Canadian market is very cost-competitive is the silver lining in that cloud as it helps to stimulate business activity and growth and creates more jobs. You might not "give a flying damn" but those who benefit certainly care.
As far as services is concerned, if you normally respond to positive news with such an ugly attitude, I can imagine that service people find you a joy to interact with and treat you accordingly.
Umm, I guess you haven't noticed that the Canadian dollar is in the toilet and that's why many things are more expensive. That fact that as a result the Canadian market is very cost-competitive is the silver lining in that cloud as it helps to stimulate business activity and growth and creates more jobs. You might not "give a flying damn" but those who benefit certainly care.
As far as services is concerned, if you normally respond to positive news with such an ugly attitude, I can imagine that service people find you a joy to interact with and treat you accordingly.
Even when the CAD was at parity, typically things in Canada are 10-15 percent more expensive than in the U.S.. Since the dollar has dipped, the only thing I've noticed that has gone up is the cost of some food items. Totally offset by the lower cost of gas since oil starting tanking in 14. I get paid the same (more due to raises), my rent is the same aside from yearly increases that happen regardless of what the value of the CAD is, Car payment the same etc. I just haven't seen any differences of note where I live.
Speaking of the CAD dollar - its actually quietly going up.. Its gone from a low of .68 cents USD back in January to now .77 cents at the end of March...
Even when the CAD was at parity, typically things in Canada are 10-15 percent more expensive than in the U.S.. Since the dollar has dipped, the only thing I've noticed that has gone up is the cost of some food items. Totally offset by the lower cost of gas since oil starting tanking in 14. I get paid the same (more due to raises), my rent is the same aside from yearly increases that happen regardless of what the value of the CAD is, Car payment the same etc. I just haven't seen any differences of note where I live.
Speaking of the CAD dollar - its actually quietly going up.. Its gone from a low of .68 cents USD back in January to now .77 cents at the end of March...
I get paid the same (more due to raises), my rent is the same aside from yearly increases that happen regardless of what the value of the CAD is, Car payment the same etc. I just haven't seen any differences of note where I live.
Well, that's the point. Domestic Canadian costs, including labor, don't generally change when the Canadian dollar weakens. It could still, for example, result in a product selling for the same price in Canadian dollars. The price is just much more attractive expressed in U.S. dollar equivalent than it was when our dollar was stronger. That makes the product more competitive in the U.S. market. It allows companies to grow and reach certain economies of scale which will help reduce costs when the dollar eventually strengthens.
On the other hand, imports are more expensive. I just bought the new iPad Pro. I winced when I saw the price I would have paid if the Canadian dollar had been at par with the U.S. Dollar.
Umm, I guess you haven't noticed that the Canadian dollar is in the toilet and that's why many things are more expensive. That fact that as a result the Canadian market is very cost-competitive is the silver lining in that cloud as it helps to stimulate business activity and growth and creates more jobs. You might not "give a flying damn" but those who benefit certainly care.
I honestly didn't notice things were getting more expensive, maybe only if you shop in the US often. In 2008 when CAD was higher than USD, things didn't exactly become cheap either. Price can be quite sticky.
Let's hope for solid growth but not before the manufacturing engine enjoys a re-surge due to lower costs of exported products.
I read that and its good news! I think the Canadian economy is more robust and diverse than some give it credit for.
Quote:
Originally Posted by botticelli
I honestly didn't notice things were getting more expensive, maybe only if you shop in the US often. In 2008 when CAD was higher than USD, things didn't exactly become cheap either. Price can be quite sticky.
This has been my experience as well. I also don't have a particularly strong affiliation for a name or brand of anything so that may help as well. If the price of a brand of phone or computer goes up, i'll be sure to pick up the competitions product that hasn't.
Last edited by fusion2; 03-31-2016 at 05:30 PM..
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