Second only to Mexico? Even with the high dollar? And our banking sector is stable? And our real estate market is booming? Canada’s BALLIN’!

Canada ranks second only to Mexico in terms of cost-competitive locations to do business, according to a study released Tuesday by consultants KPMG of 10 key countries.

Canada now holds a five per cent cost advantage over the U.S., an improvement over the break-even position the country held at the time of the last survey, released in 2008.

As well, Montreal, Vancouver and Toronto ranked third, fifth and sixth out of 41 major cities examined in the international study, ahead of all U.S. cities involved in the study.

Read the full story by John Morrissy “Canada second only to Mexico in cost competitiveness” in the Financial Post (March 30, 2010).

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