Top 10 Largest Canadian Companies

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Canada has a thriving business landscape, with numerous companies making significant contributions to the country's economy. In this article, we will highlight ... read more...

  1. Top 1

    Royal Bank Of Canada

    The Royal Bank of Canada (RBC) is a Canadian multinational financial services company with the largest market capitalization in the country. The bank has over 17 million customers and over 89,000 employees worldwide. It was founded in Halifax, Nova Scotia, in 1864, and now has corporate headquarters in Toronto and its head office in Montreal. The RBC institution code is 003. RBC was added to the Financial Stability Board's list of global systemically important banks in November 2017.


    With 1,209 branches across Canada, the bank's personal and business banking divisions are known as RBC Royal Bank in English and RBC Banque Royale in French, and they provide services to about 10 million customers. Previously operating 439 branches across six states in the Southeastern United States, RBC Bank is a US banking subsidiary that now only provides cross-border banking services to Canadian tourists and expatriates. City National Bank, another US subsidiary of RBC, runs 79 branches in 11 US states. Additionally, RBC has 127 locations that serve more than 16 million customers spread across seventeen Caribbean nations. RBC Dominion Securities is the name of the investment brokerage company, while RBC Capital Markets is RBC's global investment and corporate banking subsidiary. RBC Bank also offers investment banking services, with a focus on middle-market clients.

    RBC was the largest Canadian company by revenue and market capitalization in 2011, and it was ranked 50th in the Forbes Global 2000 list in 2013. In 2021, the company had CA$1.01 trillion in assets under management and operations in Canada and 36 other countries. The market capitalization of Royal Bank of Canada was $134.86 billion as of April 2023. By market cap, this places Royal Bank of Canada as the 92nd most valuable company in the world. The most recent financial reports from Royal Bank of Canada show that the company's current revenue (TTM) is $38.54 Billion. The company's revenue dropped from the $39.67 billion in 2021 to $37.50 billion in 2022.


    Founded: 1864

    Headquarters: Toronto, Ontario

    Website: https://www.rbcroyalbank.com/

    Photo on Wikimedia Commons (https://upload.wikimedia.org/wikipedia/commons/d/d6/Royal_Bank_Plaza%2C_Toronto%2C_Canada.jpg)
    Photo on Wikimedia Commons (https://upload.wikimedia.org/wikipedia/commons/d/d6/Royal_Bank_Plaza%2C_Toronto%2C_Canada.jpg)
    RBC

  2. Top 2

    Toronto Dominion Bank

    A Canadian multinational banking and financial services company with its corporate headquarters in Toronto, Ontario, is known as Toronto-Dominion Bank, doing business as TD Bank Group. The bank and its affiliates trade as Toronto-Dominion Bank and are frequently referred to as simply TD. The Bank of Toronto and The Dominion Bank, which had been established in 1855 and 1869, respectively, were merged to form the new institution on February 1, 1955. One of the two Big Five Canadian banks, along with the Canadian Imperial Bank of Commerce, was established in Toronto. The TD institution number is 004 and the TD Bank SWIFT code is TDOMCATTTOR.


    According to Standard & Poor's, TD Bank Group was the largest bank in Canada by total assets and market capitalization in 2021, a top-10 bank in North America, and the world's 23rd largest bank. The Financial Stability Board designated it a global systemically important bank in 2019.


    Over 89,000 people work for the bank and its subsidiaries, which have over 26 million customers worldwide. More than 11 million customers are served by the bank's TD Canada Trust division at more than 1,091 branches throughout Canada. Through their subsidiary TD Bank, N.A., which was formed through the union of TD Banknorth and Commerce Bank, the company conducts business in the United States. With a network of more than 1,200 branches spread across sixteen states and the District of Columbia, TD Bank provides service to more than 6.5 million customers nationwide.


    Founded: 1955

    Headquarters: Toronto, Ontario

    Website: https://www.td.com/ca/en/about-td

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    Photo on Flickr (https://live.staticflickr.com/640/21826616832_520db2c7a9_b.jpg)
    TD
  3. Top 3

    Canadian National Railway

    The Canadian National Railway Company (reporting mark CN) is a Canadian Class I freight railway headquartered in Montreal, Quebec, that serves Canada as well as the Midwest and South. The railway was known as the "Canadian National Railways" (CNR) from 1919 to 1978.

    CN
    is Canada's largest railway in terms of revenue and physical network size, spanning the country from the Atlantic coast in Nova Scotia to the Pacific coast in British Columbia across approximately 20,400 route miles (32,831 km) of the track. CN expanded its capacity in the United States in the late twentieth century by acquiring railroads such as Illinois Central.


    With 22,600 employees and a market cap of about CA$90 billion as of July 2019, CN is a publicly traded company. CN was a Canadian Crown corporation from 1919 until it was privatized in 1995, during which time it was owned by the government. The largest shareholder of CN stock as of 2019 is Bill Gates, who holds a 14.2% stake through Cascade Investment and his own Bill and Melinda Gates Foundation.

    Canadian National Railway
    has a market capitalization of $79.30 billion as of April 2023. This places Canadian National Railway as the 170th most valuable company in the world by market capitalization. According to the most recent financial reports, Canadian National Railway's current revenue (TTM) is $13.00 billion. In 2021, the company's revenue was $11.46 billion, an increase from $10.26 billion in 2020.


    Founded: 1919

    Headquarters: Montréal, Canada

    Website: https://www.cn.ca

    Photo on Flickr (https://live.staticflickr.com/1867/44660786922_fdb00d5b26_b.jpg)
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    ThinkSask
  4. Top 4

    Enbridge

    A global pipeline and energy company, Enbridge Inc. is based in Calgary, Alberta, Canada. Enbridge owns and manages pipelines that transport crude oil, natural gas, and natural gas liquids across all of Canada and the United States. The largest oil export pipeline network in the world and the longest in North America both belong to Enbridge. There are pipelines totaling 28,661 kilometers (17,809 miles) in its crude oil system. It connects several Canadian provinces, several US states, and the Gulf of Mexico with a 38,300 kilometer (23,800 mile) natural gas pipeline system. Imperial Oil established the business in 1949 under the name Interprovincial Pipe Line Company Limited to move oil from Alberta to refineries. It has expanded over time by purchasing additional existing pipeline businesses and expanding its projects. Enbridge transported over 32 billion barrels of crude oil between 2012 and 2021.

    Enbridge
    has constructed several renewable energy projects in North America and Europe, including wind, solar, hydroelectric, and geothermal, and has proposed a 2050 net zero greenhouse gas emission target. Enbridge is ranked 144th on the Forbes Global 2000 list for 2022, and 418th on the Fortune Global 500 list. Enbridge has been responsible for several oil spills, including the largest inland oil spill in US history on Line 3. Several popular uprisings have occurred in response to Enbridge projects, most notably the Dakota Access Pipeline protests and the Stop Line 3 protests.


    Enbridge, a diversified energy company, is in a unique position to hasten the transition of the world to a cleaner energy future. Enbridge is carrying out this work in an ethical, environmentally friendly, and socially responsible manner. Enbridge is advancing cutting-edge low-carbon energy technologies like carbon capture and storage, renewable natural gas, and hydrogen. By 2050, Enbridge plans to achieve net zero emissions and reduce the carbon footprint of the energy it provides.


    Enbridge transports approximately 30% of the crude oil produced in North America, and nearly 20% of the natural gas consumed in the United States, and operates North America's third-largest natural gas utility by consumer count. Enbridge was an early investor in renewable energy, and the offshore wind portfolio is expanding. Enbridge places a premium on safety, integrity, respect, inclusion, and high performance. Above all, they want to make a positive economic and social impact as an industry leader, a responsible corporate citizen, and an exceptional employer.


    Enbridge was chosen for the Bloomberg Gender-Equality Index five years in a row, most recently in 2023, was named to the Thomson Reuters Top 100 Global Energy Leaders in 2018, and has been recognized 20 times as one of Canada's Top 100 Employers, most recently in 2023.


    Founded: 1949

    Headquarters: Calgary, Alberta

    Website: https://enbridge.com

    Photo on Wikimedia Commons (https://upload.wikimedia.org/wikipedia/commons/5/54/Enbridge_%286068054629%29.jpg)
    Photo on Wikimedia Commons (https://upload.wikimedia.org/wikipedia/commons/5/54/Enbridge_%286068054629%29.jpg)
    Enbridge
  5. Top 5

    Canadian Pacific Railway

    The Canadian Pacific Railway, abbreviated CPR or Canadian Pacific and formerly known as CP Rail (1968-1996), is a Canadian Class I railway founded in 1881. The railway is owned by Canadian Pacific Railway Limited, which took over as legal owner in 2001 as part of a corporate restructuring. The railway, headquartered in Calgary, Alberta, owns approximately 20,100 kilometers (12,500 miles) of track in seven Canadian provinces and into the United States, stretching from Montreal to Vancouver and as far north as Edmonton. In the United States, its rail network also serves Minneapolis-St. Paul, Milwaukee, Detroit, Chicago, and Albany, New York.


    In order to fulfill a promise made to British Columbia when it joined Confederation in 1871, the railway was first constructed between eastern Canada and British Columbia between 1881 and 1885 (connecting with lines built earlier in the Ottawa Valley and Georgian Bay area). The CPR was Canada's first transcontinental railway. The CPR, primarily a freight railroad, played a crucial role in the settlement and development of Western Canada for decades as it was the only practical option for long-distance passenger transportation in most of Canada. The CPR grew to be one of Canada's biggest and most influential corporations, a position it held until 1975.


    In 2009, the company purchased two American railroads: the Dakota, Minnesota, and Eastern Railroad (DM&E) and the Iowa, Chicago, and Eastern Railroad (IC&E). The IC&E's trackage was once part of CP subsidiary Soo Line and predecessor line The Milwaukee Road. North Dakota, South Dakota, Minnesota, Wisconsin, Nebraska, and Iowa were served by the combined DM&E/IC&E system, which included two lines that extended into Kansas City, Missouri, and Chicago, Illinois. In addition, the company owns the Indiana Harbor Belt Railroad, a terminal railroad based in Hammond, Indiana, as well as Conrail Shared Assets Operations. CP's ownership of that railroad stems from the Soo Line, which was inherited from Milwaukee Road.


    Under the ticker CP, the CPR is publicly traded on the Toronto Stock Exchange and the New York Stock Exchange. Minneapolis is home to its American headquarters. As of January 14, 2022, TCI Fund Management Limited, a hedge fund with headquarters in London and 8.38% of the company, is the largest shareholder of Canadian Pacific stock. The railroad's $31 billion acquisition and merger with the Kansas City Southern Railway was approved on March 15, 2023. The combined railroad will be the first and only one to directly serve Canada, Mexico, and the United States once it becomes operational as early as April 14, 2023.


    The Canadian Pacific Railway was founded in 1881 to physically unite Canada and Canadians from coast to coast, and its construction is regarded as one of Canada's greatest engineering feats. The CPR was instrumental in promoting tourism and immigration, as well as Canada's war efforts, and it grew and diversified over time to include steamships, hotels, airlines, mining, oil and gas exploration, delivery, and telecommunications companies.


    Founded: 1881

    Headquarter: Calgary, Alberta

    Website: https://cpr.ca

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    TBD Media Group
  6. Top 6

    Canadian Natural Resources

    Canadian Natural Resources is an efficient and effective operator with a diverse portfolio of assets in North America, the United Kingdom's portion of the North Sea, and Offshore Africa, allowing them to generate significant value for its shareholders. They are constantly striving for safe, effective, efficient, and environmentally responsible operations while also executing the economic development of their diverse asset base. Their financial discipline, commitment to a strong balance sheet, and ability to generate adjusted funds flow enable them to grow their company over time, even in difficult economic environments.


    One of the strongest and most diversified asset portfolios of any independent energy producer in the world can be found in their well-balanced mixture of natural gas, light crude oil, heavy crude oil, bitumen, and synthetic crude oil (SCO). Through the expansion of its world-class polymer flood project at Pelican Lake, its vast thermal in situ opportunities, and the development of its Oil Sands Mining and Upgrading assets, the Company has finished transitioning to a long-life low decline asset base. The foundation of the company's sustainable cash flow is this transition.


    Natural Gas

    • One of Canada's largest independent natural gas producers.
    • One of the most significant undeveloped land bases in the relatively undeveloped natural gas resource area of Northeast British Columbia and Northwest Alberta, which includes the Montney and Deep Basins.

    Light Crude Oil and NGLs

    • North America has a diverse portfolio of light crude oil and natural gas liquids.
    • Offshore Africa development and exploration opportunities in Côte d'Ivoire.
    • 20% stake in offshore South African blocks 11B/12B.
    • Opportunities for development in the UK portion of the North Sea.

    Heavy Crude Oil

    • One of Canada's biggest producers of heavy crude oil, offering a variety of opportunities at Pelican Lake's world-class polymer flood asset as well as in primary heavy crude oil.

    Oil Sands

    • Significant development opportunities exist within the Company's thermal in situ oil sands asset portfolio, which is in addition to our operating assets at the Primrose, Wolf Lake, Kirby South, Kirby North, and Jackfish projects.
    • With over 7.5 billion barrels of Company gross proved plus probable SCO reserves, the Company has world-class Oil Sands Mining and Upgrading assets.
    • There have been no declines in over 50 years.
    • Mined oil sands, produced bitumen, and upgraded to SCO.
    • 70% ownership and operation of the Muskeg River and Jackpine mines.
    • Horizon Oil Sands Mine and Upgrader is wholly owned and operated by the company.
    • Mined oil sands are upgraded at the Scotford upgrader (Shell-operated), which is 70% owned.
    • Carbon sequestration at Scotford (Shell-operated) via the 70%-owned Quest Carbon Capture and Storage Project (CCS).

    In general, it is also Canada's largest independent producer of heavy crude oil and Western Canada's largest independent producer of natural gas. Canadian Natural Resources was listed as the 306th-largest public company in the world in the 2020 Forbes Global 2000. CNRL was referred to as a "Calgary-based oil and gas giant" by CBC.CNRL is the owner and operator of the Athabasca Oil Sands Project (AOSP), which is located about 70 km north of Fort McMurray, Alberta. Forbes reported on May 13, 2021, that CNRL had a market capitalization of $36.6 billion, $12.6 billion in sales, and 9,709 employees.


    Founded: 1973

    Headquarters: Calgary, Alberta

    Website: https://www.cnrl.com

    Screenshot of www.cnrl.com
    Screenshot of www.cnrl.com
    Canadian Natural
  7. Top 7

    Bank of Montreal

    A multinational investment bank and provider of financial services, the Bank of Montreal (BMO) is based in Canada. While the bank's head office is still in Montreal, where it was established in 1817 as Montreal Bank, its operational headquarters and executive offices have been there since 1977.


    It is the third-largest bank in Canada by market capitalization and assets, as well as one of the eight largest banks in North America and one of the top 50 in the world. On both the Toronto and New York stock exchanges, it is commonly known by the ticker symbol BMO. It had CA$634 billion in assets under administration (AUA) in October 2021. BOFMCAM2 is the swift code for the Bank of Montreal, and the institution number is 001.


    In a rented home in Montreal, Quebec, on June 23, 1817, John Richardson and eight businessmen signed the Articles of Association to found the Montreal Bank. The bank became Canada's oldest bank on November 3, 1817, when it started operating formally. It changed its name to its present one in 1822. The institution (or bank) number for BMO is 001. The bank serves more than seven million customers in Canada through its more than 800 branches under the name BMO Bank of Montreal. It operates BMO Harris Bank across the nation under the name BMO Financial Group in the US, where it has significant operations in the Chicago region. BMO Capital Markets is the investment and corporate banking division of BMO, while BMO Nesbitt Burns is the wealth management division. On the Forbes Global 2000 list, the company is ranked 131.

    Since 1829, the company has not missed a dividend payment, paying dividends consistently through major world crises such as World War I, the Great Depression, World War II, and the 2008 financial crisis; this makes the Bank of Montreal's dividend payment history one of the world's longest. Bank of Montreal announced the strategic acquisition of Bank of the West from BNP Paribas for $16.3 billion on December 12, 2021.


    Founded: 1817

    Headquarters:

    • Bank of Montreal Head Office, Montreal, Quebec, Canada (formal headquarters)
    • First Canadian Place, Toronto, Ontario, Canada (operating headquarters)

    Website: https://bmo.com

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    BMOCommunity
  8. Top 8

    Thomson Reuters

    Thomson Reuters Corporation is a multinational conglomerate based in Canada. The Bay Adelaide Centre in Toronto, Ontario, Canada, where the business was established, serves as its administrative center. Thomson Reuters was formed in April 2008 when Thomson Corporation acquired the British company Reuters Group. The Thomson family's holding company, The Woodbridge Company, owns the majority of the company.


    They are modernizing the foundations of society with their content, their technology, and in collaboration with their customers. They are improving the way professionals and institutions operate through the digitalization of the tax and legal professions, the free press, commerce, and the rule of law. Thomson Reuters provides industry knowledge, technology, and content that enables professionals and institutions to confidently solve complex problems and make difficult decisions. They are guided by their Trust Principles. Thomson Reuters automates routine tasks, provides insights, and drives efficiencies with significant benefits in an environment that is becoming more complex, freeing up clients to concentrate on their clients.


    Thomson Reuters has a market capitalization of $61.85 billion as of April 2023. Thomson Reuters is now the world's 246th most valuable company by market capitalization. The company's current revenue (TTM) is $6.62 billion, according to Thomson Reuters' most recent financial reports. In 2021, the company's revenue was $6.34 billion, an increase from $5.98 billion in 2020.


    Founded: 2008

    Headquarters: Toronto, Canada

    Website: https://www.thomsonreuters.com

    Photo on Wikimedia Commons
    Photo on Wikimedia Commons
    Thomson Reuters
  9. Top 9

    Shopify

    Shopify is a leading Canadian e-commerce company that provides a platform for businesses to create, manage, and sell products online. The company was founded in 2006 and is headquartered in Ottawa, Ontario, Canada.


    Shopify's platform allows businesses of all sizes to set up an online store quickly and easily, without needing any programming or design skills. The platform provides tools for website design, payment processing, inventory management, order fulfillment, and marketing. It also offers a range of customizable templates and themes that businesses can use to create a professional-looking online store. In addition to its core e-commerce platform, Shopify offers a range of additional services and features, including point-of-sale systems for physical retail stores, payment gateways, shipping and delivery services, and tools for managing customer relationships.


    Shopify's services are used by over 1 million businesses in more than 175 countries around the world. The company has a strong reputation for its user-friendly platform, excellent customer service, and its ability to help businesses of all sizes sell products online. Shopify is publicly traded on the New York Stock Exchange (NYSE) under the ticker symbol "SHOP".


    Founded: 2006

    Headquarters: Ottawa, Canada

    Website: https://shopify.com

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    Shopify
  10. Top 10

    Scotiabank

    The Bank of Nova Scotia, doing business as Scotiabank, is a multinational Canadian banking and financial services corporation headquartered in Toronto, Ontario. It is the third-largest Canadian bank by deposits and market capitalization, and one of Canada's Big Five banks. It has over 25 million customers worldwide and provides a variety of products and services such as personal and commercial banking, wealth management, corporate and investment banking. Scotiabank trades on the Toronto (TSX: BNS) and New York (NYSE: BNS) exchanges, with over 92,001 employees and assets of Can$1,136 billion (as of the 2020 annual report). The Swift code for Scotiabank is NOSCCATT, and the institution number is 002.


    In 1832, Scotiabank was established in Halifax, Nova Scotia, and remained there until 1900, when it moved its headquarters to Toronto. Due to its acquisitions, which have primarily been in Latin America and the Caribbean but also in Europe and some regions of Asia, Scotiabank has branded itself as "Canada's most international bank." In addition to being one of the fifteen accredited institutions that take part in the London gold fixing, Scotiabank is a member of the London Bullion Market Association. This was done through ScotiaMocatta, its division for precious metals, from 1997 to 2019.

    Current President and CEO of Scotiabank Brian J. Porter announced his retirement, which will take effect on January 31, 2023. Scott Thompson was named as Porter's successor.


    Founded: 1832

    Headquarters: Toronto, Canada

    Website: https://scotiabank.com

    Photo on MHBS
    Photo on MHBS
    Scotiabank



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