Among cities in the North East of the USA, and Ontario and Quebec provinces in Canada, Waterloo Region came out to be the 5th least costly place to do business in.

Waterloo Region is cheaper to do business in than Buffalo, NY, Baltimore, MD, and Detroit, M, but more costly than Sherbrooke, Que, Lexington, KY, and Charleston, W. Va. Out of the major centers closeby that are cheaper, London, Ontario and Chatham-Kent are cheaper.

The study includes labor cost, income taxes and transportation. 

So, despite a rising Canadian dollar, the region still maintains in competitiveness for business.