5 Most Innovative Companies in Canada

In this article, we will take a look at the most innovative companies in Canada. If you want to explore similar companies, you can go to 15 Most Innovative Companies in Canada.

5. Open Text Corporation (TSE:OTEX)

Stock Returns (As of September 27): 140.36%

Established in 1991, Open Text Corporation (TSE:OTEX) creates and sells enterprise development software. The company developed the first Web-based document management product called Livelink. Ranked fifth on our list, Open Text Corporation (TSE:OTEX) is one of the most innovative companies in Canada.

4. BRP Inc. (TSE:DOO)

Stock Returns (As of September 27): 255.11%

BRP Inc. (TSE:DOO) is the holding company for Bombardier Recreational Products Inc. which manufactures snowmobiles, side-by-side motorcycles, all-terrain vehicles, and personal watercraft. Pioneers in snowmobiles, BRP Inc. (TSE:DOO) ranks among the most innovative companies in Canada.

3. Thomson Reuters Corporation (TSE:TRI)

Stock Returns (As of September 27): 317.71%

Thomson Reuters Corporation (TSE:TRI) was formed after the Canadian electronic publisher Thomson Corporation merged with the British news giant Reuters. Thomson Reuters Corporation (TSE:TRI) runs Reuters, one of the leading news publications today. With its history dating back to 1851, Thomson Reuters Corporation (TSE:TRI) makes it to our list of the most innovative companies in Canada.

2. Constellation Software Inc. (TSE:CSU)

Stock Returns (As of September 27): 1,416.30%

Founded in 1995, Constellation Software Inc. (TSE:CSU) entered the market to create portfolios of vertical market software companies. Constellation Software Inc. (TSE:CSU) is a leading firm in vertical market software solutions and ranks second on our list of the most innovative companies in Canada.

1. Shopify Inc. (TSE:SHOP)

Stock Returns (From May 2015 to September 27, 2023): 1,917.19%

Shopify Inc. (TSE:SHOP) is a Canadian e-commerce giant and ranks first on our list of the most innovative companies in Canada. Shopify Inc. (TSE:SHOP) began with selling snowboards online and today it is one of the largest e-commerce platforms in the world. 

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