Economic Highlights

For more comprehensive information about Fredericton's economy and labour force, visit the Locate section of our website.

Canada's Most Cost-Competitive City

Fredericton is the most cost-competitive city for business in Canada and one of the best value jurisdictions in North America (KPMG Competitive Alternatives 2016). Our labour costs are some of the lowest in North America, yet Fredericton boasts the 4th most university-educated population in the country. Low lease costs, corporate tax rates, and utilities combine to make Fredericton one of North America’s most cost advantageous regions.

Economic Awards

Fredericton is #1 for "foreign direct investment (FDI) strategy", #5 for "business friendliness", and #7 overall (fDi Magazine's 2017/2018 American Cities of the Future- micro city category)

"2016 Startup Community of the Year" (Startup Canada)

Fredericton is one of the "20 Most Beautiful Canadian Cities to Live in" (

"Fredericton ranks #1 in Canada and the U.S. for business cost and #3 of 100+ cities in 10 countries profiled: Canada, U.S., Mexico, U.K., France, Italy, Australia, Japan, Germany and Netherlands" (KPMG – Competitive Alternatives 2016)

"Fredericton Ranks #4 out of Top Cities in Canada When It Comes to Internet Access." (Canadian Internet Registration Authority measures Internet speed and quality, 2016)

“American (North, South Central) Cities of the Future #7 Micro City” (2015/16 fDi Magazine – Financial Times Ltd.) 

“Innovation In Practice” as a smart city (2015 Progress Media)

“Entrepreneurship Support Award” for Fredericton Startup Community (2015 Startup Canada)

"Top 5 Most Cost-Competitive Places to Do Business in the Americas” (2014 KPMG Competitive Alternatives Study)

"Among  Canada's Top 10 Best Places to Live" (2012-2007 MoneySense)



Community Profile