Superior Quality Workforce Canada The overall skill level of Canada's workforce ranks high among competing countries. According to the Word Competitiveness Yearbook, Canada has the highest percentage of individuals achieving at least college or university education. * Percentage of the population that has attained at least tertiary education among 36 countries considered in the World Competitiveness Yearbook,

An Excellent Post Secondary System Canada 1998 U.S. Gourman report scored 10 Canadian electrical engineering programs in the top 22, and 18 in the top 40 Canada’s 67 universities and colleges produce more than 25,000 graduates per year in math, engineering and pure and applied sciences 2 Institution Score U.S. Cdn. Rank Rank M.I.T Stanford Berkeley Illinois Toronto UCLA McGill Cornell U.B.C McMaster Purdue Southern California Princeton Michigan Carnegie Mellon Polytechnic-Brooklyn Queen’s Alberta Calgary Polytechnique, Mtl Saskatchewan Manitoba RANKING OF ELECTRICAL ENGINEERING UNIVERSITY PROGRAMS Aldo Baumgartner President and CEO Wyeth-Ayerst Canada “The superior universities, availability of highly skilled workers, along with excellent tax incentives for research and development make Canada an ideal location for Wyeth-Ayerst Canada

Canada Low Labour Costs Occupational Wages — Knowledge Workers, 1999 * Canadian data have been converted to full-year assuming a 52-week work year. ** Purchasing power parity for 1999 *** date for computer programmers based on average for 1997, 1998, 1999 Source: IC calculations based on Statistics Canada Labour Force Survey and U.S. Bureau of Labour Statistics Occupational Employment and Wage Estimates 3 According to the U.S. Bureau of Labor Statistics, labour costs in Canadian manufacturing (wage and non-wage) are the lowest in the G-7. Occupational wages are also lower in Canada for knowledge workers. * Figures are for Source: U.S. Bureau of Labor Statistics U.S.=100

Canada Low Employee Benefits 4 Among the G-7, Canada has the lowest overall labour costs, including benefits. Total payments for Canadian statutory and other benefits are 25.6% of salary and wages compared to 34.2% in the U.S. -Lower medical insurance premiums are an important reason for this. Employee Benefits* as a % of wages G-7 Comparison, Average for 12 operations Source: KPMG Management Consulting, Germany France Italy Japan U.K U.S.A Canada Other BenefitsStatutory

Canada Low Production Costs 5 Growing productivity, skilled workers, and low labour costs make businesses competitive. -Canada's competitive position vis-à-vis the U.S. has improved substantially since Source: U.S. Department of Labor, Bureau of Labor Statistics, August 2001 “ Our records for safety and productivity place the TMMC team among the industry’s best. And when it comes to quality, vehicles built at our Cambridge facility are among the highest rated vehicles in North America.” Toyota Motor Manufacturing Canada Inc. Takanori (Tak) Sakaue, President

Canada Skilled Management 6 * Standing among 75 countries. Index based on the availability of Management education in first-class business schools. Source: Global Competitiveness Report, Management Education* World Rank U.S. France Canada U.K Germany Japan Italy Index 1st 2nd 4th 6th 21st 31st 49th Canada ranks third among the G-7 and fourth overall in a 75-country study of locally available Management education in first-class business schools. - Eight Canadian business schools are ranked among the top 100 Management Schools in the world according to a January 2001 survey by the Financial Times (UK).