Top 10 Largest Companies In Canada Based on Revenue And Employees
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| Top 10 Biggest Companies In Canada |
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Canada is home to some of the world's largest and most technologically advanced corporations. Each of these companies has its own distinct history, systems, and modes of operation that have helped them achieve their current positions. Learning about these companies can help you identify their work values and the opportunities they provide.
Canada's GDP grew steadily throughout 2023, with no decline or recovery following the COVID years. Let’s learn which company is making big in Canada.
Top 10 Biggest Companies In Canada By Revenue
1. Cenovus Energy
Revenue: US$52.5 billion
Cenovus has a smaller workforce than most of the other companies on the list, with around 6,000 employees, but it is a heavyweight in the energy sector.
While the company has traditionally been concerned with the production and marketing of crude oil and natural gas, Cenovus has stated its commitment to developing assets in a "safe, innovative, and cost-efficient manner," with environmental, social, and governance (ESG) issues in mind.
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2. Alimentation Couche-Tard
Revenue: US$51.9bn
The Quebec-based company now has a global presence, with over 16,000 stores in countries such as the United States, Mexico, China, and Japan.
The Couche-Tard brand has a strong presence in European countries, particularly in Scandinavia and the Baltics, thanks to its network of gas stations and convenience stores.
3. Great-West Lifeco
Revenue: US$48bn
Great-West Lifeco is a global financial services holding company with operations in life insurance, health insurance, retirement and investment services, asset management, and reinsurance.
Canada Life, Empower, Putnam Investments, and Irish Life are the brands under which the company operates in North America and Europe.
4. Suncor
Revenue: US$46.4bn
Suncor Energy, another Calgary-based energy company, is involved in offshore oil and gas development, production, and upgrading, as well as petroleum refining.
Suncor also operates the Petro-Canada retail network, which now includes a slew of fast-charging EV charging stations.
5. Imperial Oil
Revenue: US$42.5bn
Imperial Oil, the third of the top five energy companies headquartered in Calgary, remains one of Canada's largest corporations.
The Imperial Oil Company was founded in 1880 by 16 oil refiners in Ontario, when Canada was only 13 years old. It is still growing, innovating, and adapting to an ever-changing environment.
6. Royal Bank of Canada (RBC)
Revenue: US$42bn
With over 88,000 employees, Royal Bank of Canada is not only one of the largest financial institutions in Canada, but also in the world.
RBC has a 150-year history and now holds a strong market position in five business segments, serving 17 million clients worldwide.
7. Loblaw Companies
Revenue: US$42bn
Loblaw's mission is to help Canadians 'Live Life Well,' which it accomplishes through its network of grocery stores and pharmacies.
The company takes pride in making good food affordable to its millions of customers, as well as making health, beauty, and wellness accessible to them.
8. George Weston Ltd
Revenue: US$41.2bn
George Weston, founded in 1882, is the parent company of both Loblaw Companies and Choice Properties, a leading Real Estate Investment Trust.
The organization is named after its founder, a young Toronto bread salesman who started his own business after purchasing a bread route from his employer. Weston's Bread was well-known throughout the city by the turn of the century, and George Weston was Canada's largest baker.
9. Enbridge
Revenue: US$39.4bn
Enbridge is eager to emphasize its commitment to operating in a sustainable manner.
As a diversified energy provider, the company believes it is uniquely positioned to aid in the global transition to a cleaner energy future by advancing low-carbon energy technologies such as carbon capture and storage.
10. Power Corporation of Canada
Revenue: US$35.9bn
Power Corporation of Canada is a multinational management and holding company with operations in North America, Europe, and Asia.
Leading insurance, retirement, wealth management, and investment businesses are among the core functions.
Top 10 Biggest Companies In Canada By Market Cap
| Ranking | Company | Market Cap (USD) | Sector | Industry |
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| 1 | Royal Bank of Canada | $136.81 B |
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| 2 | Toronto-Dominion Bank | $119.48 B |
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| 3 | Shopify Inc. | $79.57 B |
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| 4 | Canadian National Railway Company | $76.50 B |
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| 5 | Enbridge Inc. | $74.47 B |
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| 6 | Canadian Pacific Railway Limited | $73.67 B |
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| 7 | Bank of Montreal | $64.98 B |
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| 8 | Canadian Natural Resources Limited | $62.14 B |
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| 9 | Thomson Reuters Corporation | $58.79 B |
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| 10 | Bank of Nova Scotia | $58.09 B |
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Financials Which company in Canada is the biggest by market cap?The Royal Bank of Canada has the most market value of any bank in the country. A Canadian bank called RBC was founded in 1864 in Halifax. It now has more than 17 million customers in 30 countries. It also has one of the largest employee bases of any Canadian company, with more than 91,427 people working in more than 1,300 locations around the world. RBC offers a wide range of financial services, such as personal and business banking, insurance, and wealth management. The corporate headquarters of the bank are in Toronto, and the head office is in Montreal. The company said in November of last year that it was going to buy HSBC Canada, which is the seventh-largest bank in the country. The $13.5 billion deal that will bring together the country's banks is currently waiting for approval from the government. |
Top 10 Biggest Companies In Canada By Number of Employees
1. Magna International Inc.
Size: More than 10,000 employees
Industry: Transportation, equipment, and manufacturing
2. TD Bank
Size: More than 10,000 employees
Industry: Finance
3. Enbridge
Size: More than 10,000 employees
Industry: Energy, mining, and utilities
4. Canadian National Railway
Size: More than 10,000 employees
Industry: Transportation and logistics
5. Scotiabank
Size: More than 10,000 employees
Industry: Finance
6. Brookfield Asset Management
Size: More than 10,000 employees
Industry: Real estate
7. BMO Financial Group
Size: More than 10,000 employees
Industry: Finance
8. Canadian Pacific
Size: More than 10,000 employees
Industry: Transportation and logistics
9. Canadian Natural
Size: More than 10,000 employees
Industry: Energy, mining, and utilities
10. Shopify
Size: More than 10,000 employees
Industry: Information technology
Conclusion
Canada's business landscape is thriving, with numerous companies making significant contributions to the country's economy.
In conclusion, Royal Bank of Canada, Shopify, Bank of Montreal are big names in the Canadian market as they contirbute to high percentage of market cap and revenue.
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