KPMG 2014 Competitive Alternative study (pdf) found that Toronto offers one of the world’s most cost effective business and investment climates. Toronto ranked fifth among 48 global, and third of 36 North American cities with populations over two million people. The KPMG study compared business cost and other competitiveness factors. Toronto, along with Montreal and Vancouver, ranked ahead of other US cities.

Ranking City
1 Monterrey, Mexico
2 Mexico City, Mexico
3 Manchester, UK
4 Montreal, Canada
5 Toronto, Canada
6 Vancouver, Canada
7 Atlanta, USA
8 Cincinnati, USA
9 Orlando, USA
10 Charlotte, USA