Saskatoon Mortgage Broker shares article – Saskatoon competitive despite downturn: KPMG report

By Alex MacPherson – March 30, 2016


Saskatoon is the 14th most competitive city for business in Canada, but ranked second — behind Winnipeg and ahead of Edmonton — among 27 cities scattered across Western Canada and the Midwestern United States, according to a new report from KPMG.

“I think the regional comparison has a lot of merit … If you look at Western Canada and the Midwest U.S. there’s a lot of similarities in terms of the sectors being served and the cost comparators,” said Scott Verity, KPMG managing partner in Saskatoon, who provided a regional perspective to the report.

Released Wednesday, the auditing giant’s 2016 Competitive Alternatives report examines and ranks the business climate in more than 100 cities around the world using 26 “cost factors,” including labour costs, facility costs, capital costs and taxes. Of the 27 prairie and Midwestern cities surveyed, the first four were Canadian, with Cedar Rapids, Iowa rounding out the top five.

Verity said that while it’s difficult to reconcile the “real and personal” effects of the commodities downturn with a growing sense of competitiveness, easing cost pressures are expected to make Saskatoon more attractive to national and international firms. From a long-term perspective, that creates “opportunity for growth, investment and entrepreneurship in the future,” he added.

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