List of largest companies in Canada explained

This article lists the largest companies in Canada in terms of their revenue, net profit and total assets, according to the American business magazines Fortune and Forbes.

2023 Fortune list

This list displays all Canadian companies in the Fortune Global 500, which ranks the world's largest companies by annual revenue. The figures below are given in millions of US dollars and are for the fiscal year 2022.[1] Also listed are the headquarters location, net profit, number of employees worldwide and industry sector of each company.

RankFortune 500
rank
NameIndustryRevenue
(USD millions)
Profits
(USD millions)
EmployeesHeadquarters
1117Brookfield Asset ManagementFinance92,7692,056202,500Toronto
2214Alimentation Couche-TardRetail62,8102,683122,000Laval
3270Royal Bank of CanadaBanking52,06212,26591,427Montreal
4277Cenovus EnergyOil and Gas51,4064,9565,998Calgary
5294Toronto-Dominion BankBanking48,70013,53594,945Toronto
6327Suncor EnergyOil and Gas44,9286,97516,558Calgary
7336George Weston LimitedRetail43,8381,396221,285Toronto
8365EnbridgeOil and Gas40,9642,30812,050Calgary
9392NutrienAgriculture37,8847,66024,700Saskatoon
10394Magna InternationalAutomotive parts37,840592158,000Aurora
11399Power Corporation of CanadaFinance37,4191,51037,300Montreal
12415ScotiabankBanking36,3907,70190,979Toronto
13433Bank of MontrealBanking34,73010,51346,722Montreal
14471Canadian Natural ResourcesOil and Gas32,5038,40410,035Calgary

2019 Forbes list

This list is based on the Forbes Global 2000, which ranks the world's 2,000 largest publicly traded companies. The Forbes list takes into account a multitude of factors, including the revenue, net profit, total assets and market value of each company; each factor is given a weighted rank in terms of importance when considering the overall ranking. The location of each company's headquarters and its industry sector are also listed in the table below.The figures are in billions of US dollars and are for the year 2018. All 56 companies from Canada are listed.[2]

RankForbes
2000 rank
NameHeadquartersRevenue
(billions
US$)
Profit
(billions
US$)
Assets
(billions
US$)
Value
(billions
US$)
Industry
141Royal Bank of CanadaMontreal46.39.61,040.3114.9Banking
246Toronto-Dominion BankToronto42.58.71,007.0103.8Banking
387ScotiabankToronto32.46.4787.567.1Banking
4118Brookfield Asset ManagementToronto57.63.6256.346.0Finance
5134Bank of MontrealMontreal26.24.6614.250.4Banking
6166ManulifeToronto28.43.7517.836.2Insurance
7174EnbridgeCalgary36.12.2122.275.3Oil and Gas
8190Canadian Imperial Bank of CommerceToronto20.23.9486.036.8Banking
9229Suncor EnergyCalgary29.72.565.652.6Oil and Gas
10273Sun Life FinancialToronto23.42.0196.024.5Insurance
11341Bell CanadaMontreal18.12.341.840.9Telecommunication
12342Canadian Natural ResourcesCalgary16.22.053.937.6Oil and Gas
13346TC EnergyCalgary10.32.972.443.2Oil and Gas
14364Alimentation Couche-TardLaval59.72.022.233.7Retail
15388Canadian National RailwayMontreal11.03.330.567.9Transportation
16397Power Corporation of CanadaMontreal40.01.0326.711.4Finance
17427Magna InternationalAurora40.82.325.918.3Automotive parts
18501National Bank of CanadaMontreal8.41.7200.515.9Banking
19566Rogers CommunicationsToronto11.61.623.426.6Telecommunication
20623Teck ResourcesVancouver9.72.429.014.1Mining
21625TelusVancouver10.91.224.222.4Telecommunication
22674Husky EnergyCalgary17.11.126.610.9Oil and Gas
23678NutrienSaskatoon19.60.045.532.3Agriculture
24744George Weston LimitedToronto37.50.432.111.7Retail
25766Fairfax FinancialToronto18.20.464.413.7Insurance
26771Fortis Inc.St. John's6.50.939.916.1Utilities
27828Canadian Pacific RailwayCalgary5.61.515.730.3Transportation
28897Pembina PipelineCalgary5.81.019.519.0Oil and Gas
29974CGI Inc.Montreal9.00.99.419.5IT services
30985Cenovus EnergyCalgary16.1−2.226.312.4Oil and Gas
311035Thomson ReutersToronto5.50.517.030.1Media
321043Intact FinancialToronto8.00.520.211.6Insurance
331056Onex CorporationToronto25.1−0.645.46.0Finance
341072Restaurant Brands InternationalToronto5.40.620.117.1Restaurants
351084Barrick GoldToronto7.3−1.622.623.2Mining
361134EncanaCalgary5.51.115.310.8Oil and Gas
371158Saputo Inc.Montreal10.00.67.413.3Food processing
381191IA Financial GroupQuebec City8.10.545.84.2Insurance
391275Waste ConnectionsVaughan4.90.512.623.3Waste management
401292Bausch HealthLaval8.4−4.332.58.1Pharmaceuticals
411310Bombardier Inc.Montreal16.20.225.05.0Aerospace and defense
421317Metro Inc.Montreal12.20.58.09.4Retail
431341EmeraHalifax4.90.623.78.9Utilities
441365AlectraMississauga4.80.619.49.6Utilities
451396Canadian TireToronto10.80.512.76.9Retail
461480Lululemon AthleticaVancouver3.30.52.122.5Retail
471578Air CanadaMontreal13.90.114.16.6Airline
481586First Quantum MineralsToronto4.10.423.58.2Mining
491717Empire CompanyStellarton19.00.37.16.0Conglomerate
501738ShopifyOttawa1.1−0.12.324.4E-commerce
511744Advanz PharmaMississauga0.51.51.80.8Pharmaceuticals
521757Constellation SoftwareToronto3.10.42.918.7IT services
531805Canadian UtilitiesCalgary3.40.516.07.6Utilities
541940Laurentian Bank of CanadaMontreal1.40.234.41.3Banking
551975GoldcorpVancouver3.0−4.217.09.4Mining
561978CAPREITToronto0.50.97.95.5Real estate

See also

Notes and References

  1. Web site: Global 500. Fortune. en. 2019-07-25.
  2. Web site: The World's Largest Public Companies. Forbes. en. 2019-07-25.