In this article we are going to list the 5 largest Canadian companies. For a detailed coverage of this topic and a more comprehensive list please take a look at the 15 largest Canadian companies.
5. Enbridge (NYSE:ENB)
Total revenue of the company in 2019 (in billions of dollars): 37.5
Total profit of the company in 2019 (in billions of dollars): 4.3
Total assets of the company in 2019 (in billions of dollars): 125.9
Total market value of the company in March 2020 (in billions of dollars): 62.2
Enbridge is a major Canadian multinational energy company which is headquartered in Calgary, Alberta. It is a major player in the distribution of energy as well as its transportation and generation throughout North America. The company has operations in not just Canada but the United States as well, and is the owner of Canada’s largest natural gas distribution network.
4. Brookfield Asset Management (NYSE:BAM)
Total revenue of the company in 2019 (in billions of dollars): 69.1
Total profit of the company in 2019 (in billions of dollars): 2.8
Total assets of the company in 2019 (in billions of dollars): 324
Total market value of the company in March 2020 (in billions of dollars): 51.3
It is the biggest asset management company in Canada, and is actually an alternative asset management company, where it focuses on private equity, infrastructure, real estate and renewable power.
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3. Bank of Nova Scotia
Total revenue of the company in 2019 (in billions of dollars): 34.8
Total profit of the company in 2019 (in billions of dollars): 6.4
Total assets of the company in 2019 (in billions of dollars): 872.6
Total market value of the company in March 2020 (in billions of dollars): 48.7
The Bank of Nova Scotia is considered to be one of the Big Five banks in Canada, and is 188 years old, having been founded initially in Halifax in 1932. It claims to be Canada’s most international bank due to its presence in several countries across the world, including the Caribbean, Latin America, the US, Europe and Asia. The bank has more than 88,000 employees and is currently headquartered in Toronto, where it has been for more than the last century.
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2. TD Bank Group (NYSE:TD)
Total revenue of the company in 2019 (in billions of dollars): 280,522
Total profit of the company in 2019 (in billions of dollars): 11,588
Total assets of the company in 2019 (in billions of dollars): 225,248
Total market value of the company in March 2020 (in billions of dollars):
The top three largest Canadian companies are all banks, with the second spot going to TD Bank Group, also known as the Toronoto-Dominion Bank. The banks was established 65 years ago in 1955 and came into being through the merger of the Bank of Toronto and The Dominion Bank, both companies tracing their roots to the mid-1800s. The banks has more than 26 million customers as well as 89,000 employees and has more than 2,000 branches across the US and Canada alone.
1. Royal Bank of Canada (NYSE:RY)
Total revenue of the company in 2019 (in billions of dollars): 50.9
Total profit of the company in 2019 (in billions of dollars): 10
Total assets of the company in 2019 (in billions of dollars): 1,116.3
Total market value of the company in March 2020 (in billions of dollars): 87.7
Financial institutions have dominated our list and it is no surprise that the Royal Bank of Canada tops the list of the 15 largest Canadian companies. The Royal Bank of Canada is also one of the oldest banks in the country, having been founded 157 years ago in 1864, and currently has more than 16 million clients. The bank also has more than 86,000 employees across the globe and is headquartered in Toronto. The bank has more than 1,209 branches in Canada while it also has around 127 branches in several countries in the Caribbean, allowing it to serve millions of clients more. It also has operations in at least 36 other countries.
See also: 16 largest financial services companies in the world and 15 largest energy companies in the world
