Mr. Speaker, on February 18, 2004, KPMG released the results of their latest study of international business costs. The annual KPMG study is the world's largest objective comparison of operating costs in the G-7.
In this year's version, for the fifth consecutive time, Canada was ranked the lowest-cost country in which to do business. The Minister of International Trade and his colleague the Minister of Industry welcomed these results yesterday at simultaneous press conferences in Montreal and Toronto.
The KPMG study is clearly good news for our economy and our communities. The results show that our country is well positioned to build a 21st century economy that will be a global magnet for capital, creative entrepreneurs and innovative ideas.