Canada has produced some of the top companies in the world – Few of the companies are ranked in Forbes global 1000 ranking – Signifying the global presence and impact that these companies have on the world. The top companies in Canada include George Weston, Royal Bank of Canada, Power Corp. of Canada, Toronto-Dominion Bank, Manulife Financial Corp, Alimentation Couche-Tard Inc, Magna International along with companies like Enbridge, The Bank of Nova Scotia and Imperial Oil Ltd. Here is the list of the top 10 Companies in Canada in 2016.
10. Imperial Oil Ltd
The organization was established in 1978. Headquartered in Calgary, Alberta, Imperial Oil was situated in Toronto, Ontario, until 2005.
Image: company website
Imperial Oil Ltd has a subsidiary named Imperial Oil Resources Limited, and the Company is occupied with the exploration, production, generation and sale of natural gas and crude oil. The Company's operations are broadly 3 operational segments: Upstream, Downstream and Chemical. Upstream operations incorporate the exploration and production of crude oil and natural gas. As far as the downstream operation is concerned, it comprises of the transportation and refining of crude oil, mixing of refined items and the conveyance and marketing of those items. Chemical operations comprise of the production and sale of various final end product petrochemicals.
Imperial Oil Limited is one of the largest petroleum Company in Canada. The largest stakeholder in the company is by Exxon Mobil Corp. who holds more than 69% possession stake in the company. Imperial Oil is a Canada's major petroleum refiner, a key petrochemical producer and a noteworthy maker of diluted bitumen, crude oil and natural gas. The company has vast retail operations that include Esso-brand service stations The company also holds stakes in the Alberta Oil Sands. Syncrude, which is one of the world's biggest oil sands operation company, is believed to be held by Imperial with claims of 25 percent stakes. In Kearl Oil sands, Imperial is believed to be in a joint endeavor oil sands mining operation with ExxonMobil Corp.
The majority of Imperial's generation is from its vast oil wells and natural resource holdings in the Alberta Oil sands. It also holds large Norman Wells oil field in the Northwest Territories.
Imperial Oil Limited’s sales turnover in Canada was 26.7 Billion Canadian dollars in 2015. The company earned 1.22 Billion Canadian dollars profit.
Revenues (in Bill C$)= 26.756
Profit (in Bill C$)= 1.122
9. The Bank of Nova Scotia
The bank of Nova Scotia is situated in Toronto, Ontario, Canada and caters to more than 23 million customers.
Image: Wikimedia
It is one of the largest banks in Canada by deposits and market capitalization after Royal bank of Canada. The bank was established in Halifax, Nova Scotia in 1832 by William Lawson, and currently, Mr Brian J.Porter is the president of the bank and Mr Gerald W Owen is the Managing Director. Along with Royal Bank of Canada, TD bank, Bank of Montreal and CIBC; the bank of Nova Scotia is one of Canada’s Big five banks. The bank number or Institution Number of Royal Bank of Canada is 002.
Scotia bank has more than 1,700 offices in more than 50 countries. The company has around 1,000 domestic branches. Apart from Canada, the bank has presence in Caribbean, Central and South America. The bank provides a portfolio of financial product services that include deposit accounts, loans, asset management, mutual funds etc. With assets under management exceeding more than 895 bn CAD, the company trades on the New York and Toronto Exchanges.
A diversified financial services sector company, Bank of Nova Scotia offers variety of services. The company is into 4 different segments: Wealth management (in which the company provides specialized services to ultra or high net worth individuals or institutions), Retail, Small Business and Commercial banking (which is the retail banking arm of the company to serve the general customers with personal and business banking operations), and finally Global banking and Markets (that provide Investment, Capital Markets and Global banking solutions).
The Bank of Nova Scotia’s sales turnover in Canada was 24.4 Billion Canadian dollars in 2015. The company earned 7.2 Billion Canadian dollars profit. The company has team of more than 89,000 employees.
Revenues (in Bill C$)= 24.439
Profit (in Bill C$)= 7.213
8. Enbridge Inc.
Enbridge Inc. was established in 1987. Headquartered in Calgary, Alberta, Enbridge is an energy distribution and transportation company.
Image: company website
The Company operates in 4 broad business segments: Liquids Pipelines; Sponsored Investments, Gas Distribution and Pipelines as well as Processing and Energy Services. Enbridge is Canada's biggest natural gas distribution and transportation network, and in fact the company operates the longest crude oil and liquids transportation system in the world. Operating the crude oil and liquids transportation system, Enbridge is able to cater to the supply across two major nations which are Canada and the United States. The Company is additionally into natural gas gathering as well as mid-stream businesses. Moreover, the company caters to the energy distribution services in Ontario, Quebec as well as New York State. Enbridge is able to generate more than 2,000 megawatts of alternate and renewable energy capacity. The company is gradually expanding the scope towards the wind, solar and geothermal power.
The company’s gas utilities segment caters in around 2 million clients in areas of Ontario and New York for providing natural gas. Additionally, the company moves around 2.5 million barrels of crude oil a day. The company’s Sponsored Investments business segment comprises of 2 major associations: Enbridge Energy Partners and Enbridge Income Fund where the parent company, Enbridge, holds 25% and 72% stake respectively.
Enbridge Inc.’s sales turnover in Canada was 33.7 Billion Canadian dollars in 2015. The company has team of more than 11,000 employees across United States and Canada. Currently, Mr. Albert Monaco is the president of the bank and Mr. John Kendall is the CFO. The company has been nominated for a place on the Global 100 Most sustainable Corporations for seven consecutive years.
Revenues (in Bill C$)= 33.794
Profit (in Bill C$)= -0.159
7. Magna International Inc.
Established in 1957, Magna International Inc. creates, fabricates, engineers, supplies, and offers automotive items and products.
Image: company website
The organization headquartered in Aurora, Canada and founded by Frank Stronach, and the company operates in various parts of North America, Asia, Europe and Rest of World. The organization offers automotive body frameworks, and related designing services; powertrain frameworks, for example, transmissions; seating frameworks including complete seating systems, seat structures and components, and froth and trim items. It likewise gives lighting system frameworks containing inside and outside mirrors, headlamps and tail-lamp systems, actuators etc.
Magna International makes and covers pretty much everything expected to assemble an engine vehicle through its different auxiliaries, divisions and subsidiaries. Vehicle building and assembling is offered by Magna Steyr which is its biggest division. As far as trims, sounds systems, lighting, fixing systems, instrument and entryway boards are made by Magna's internal and external division. Body and chassis frameworks are made by Cosma International. Engine design and manufacturing including transaxles, transmission frameworks, and other motor parts are offered by Magna Powertrain. And Magna Mirrors makes manufactures and driver assistance items.
With 313 assembling and manufacturing operations and 88 product development and operation centres, Magna International is a global automotive component manufacturer and supplier. The company has presence in more than 29 nations through its sales centres.
Magna designs, assembles, manufactures and produces car parts that are principally supplied to General Motors, Tesla Motors, Volkswagen, Toyota, BMW, Chrysler LLC and Ford Motor Company, and Chrysler LLC.
Magna International Inc’s sales turnover in Canada was 32.2 Billion Canadian dollars in 2015. The company earned 2.01 Billion Canadian dollars profit. The company employs more than 125,000 employees with around 118,000 workers that ensure that the customer receives superior value through its world class manufacturing processes.
Revenues (in Bill C$)= 32.134
Profit (in Bill C$)= 2.013
6. Alimentation Couche-Tard Inc
Alimentation Couche-Tard Inc is headquartered in Laval, Quebec, Canada, a suburb of Montreal.
Image:Wikimedia
It was founded in 1980 by Alain Bouchard who is the current chairman of the company. Alimentation Couche-Tard Inc is also called Couche-Tard, where Couche-Tard means night owl. It is one of the biggest company owned convenience operators with presence across the North America (U.S., Canada, Mexico) as well as in Asia (Japan, China, Indonesia). The organization works its corporate stores broadly under following banners: Couche-Tard, Circle K, Mac's, On the Run as well as certain other affiliated brands like Dairy Mart, 7-jours and Winks.
In Canada, Couche-Tard is the pioneer in the convenience store industry. The company is the biggest independent convenience store operator in the United States in terms of the number of company operated stores. As far as Europe is concerned, Couche-Tard is a pioneer in convenience store and road transportation in the Scandinavian and Baltic nations along with a noteworthy presence in Poland.
All across North America, Couche-Tard's system has more than 7,900 convenience stores. The company has more than 15 business units with 11 of those in United States. These 11 units cover more than 41 states in US. In Canada, the company has 4 business units covering all the 10 provinces
Alimentation Couche-Tard Inc.’s sales turnover in Canada was 34 Billion Canadian dollars in 2015. The company earned 1.12 Billion Canadian dollars profit. The company employs more than 80,000 employees that ensure that the customer receives superior value through its wide network and service offices in North America.
Revenues (in Bill C$)= 34.5299
Profit (in Bill C$)= 0.9335
5. Manulife Financial Corp.
Headquartered in Toronto, Ontario, Canada, Manulife or Manulife Financial is a Canadian insurance provider.
Image:Wikimedia
The company also offers a wide range of financial services, and Sir John A Macdonald who was organization's first president was also Canada's first Prime Minister. Geographically, the company is divided into 2 broad segments: The organization that works in Canada and Asia is "Manulife" while the one that operates in United States is its John Hancock division. The company offers financial services through its Manulife Bank of Canada which is an entirely owned subsidiary of Manulife.
Canadians have reached out to Manulife for the large money related choices in their lives over the last 125 years. Today, we have developed into a wide network, serving one in each five Canadians. Our portfolio incorporates a full scope of security and investment funds items and services addressing the requirements of a wide market segment and customers. Manulife Investments offers a broad scope of items, products and services under financial services, while in 1993 Manulife Bank turned into Canada's first insurance agency possessed bank. Manulife's Group Benefits are realized by more than 16,000 Canadian organizations that entrust their employee benefits programs on them. Manulife Private Wealth offers a different variety of consistent and coordinated way to handle with the wealthy affluent individuals through its wealth management program. Manulife is one of Canada's 10 Most Admired Corporate Cultures of 2015, as per Waterstone Human Capital.
Manulife Financial Corp’s sales turnover in Canada was 34.4 Billion Canadian dollars in 2015. The company earned 2.19 Billion Canadian dollars profit. The company employs more than 34,000 employees and around 63,000 agents under contract that ensure that the customer receives superior value through its world-wide network. Asset under management and administration for the company is in the range of $935 CAD.
Revenues (in Bill C$)= 34.43
Profit (in Bill C$)= 2.191
4. Toronto-Dominion Bank
Headquartered in Toronto, Ontario, Toronto-Dominion bank caters to more than 24 million customers.
Image:Wikimedia
The existence of the company dates back to more than 150 years but TD group as such as founded in 1955, and the company has more than 1200 retail branches across the North American region. A diversified financial services sector company, TD bank group offers a variety of financial products and services. The company is into three different segments: TD wealth and TD asset Management (in which the company provides specialized services to ultra or high net worth individuals or institutions), Canadian and US Retail (which is the retail banking arm of the company to serve the general customers with personal and business banking operations) and TD Insurance (which includes various products like Auto Insurance, Credit Protection, Health and Life insurance, Home insurance etc).
There is a wholesale banking arm of the company that provides a range of corporate banking, Investment banking and capital markets products and services to its partners and customers. The investment banking and capital markets product group includes financial advisory, trading, facilitation, underwriting and execution services. The equity investment portfolio comprises primarily of investments from private equity. Corporate lending, cash management services and trade finance are included in the corporate banking product group.
With assets under management exceeding more than 944 bn Canadian dollars, the company is set to break the top 50 rank of Forbes Global 2000. According to Financial Post, the company is already one of Canada’s top 10 employers.
Toronto-Dominion Bank’s sales turnover in Canada was 31.42 Billion Canadian dollars in 2015. The company earned 7.8 Billion Canadian dollars profit. All around the world, the company employs more than 80,000 employees.
Revenues (in Bill C$)= 31.426
Profit (in Bill C$)= 7.813
3. Power Corp. of Canada
Power Corp. of Canada is a large public company that was established in the 1920s.
Image:Wikimedia
The company is headquartered in Montreal and has diversified international management and investments in sectors like financial services, communications etc across North America, Europe and Asia. Founded to develop hydroelectric power, Power Corporation of Canada now ventures into financial sector, not power. Through its large part stake in Power Financial, the organization controls one of Canada's driving common asset firms (IGM Financial), one of its biggest life insurance providers (Great-West Lifeco), and other protection/ insurance based firms. The company also six different daily newspaper in Quebec and Ontario and publishes Montreal's La Presse. It also owns a larger part of Pargesa Group, which has stakes in various big organizations like construction (namely Lafarge), wines and spirits (Pernod Ricard), utilities (GDF SUEZ) and different divisions/ sectors in Europe through a controlling stake in another subsidiary Groupe Bruxelles Lambert.
The company has a total of $1.22 trillion of assets under management. The company has presence in communications sector as well through Square Victoria Communications Group which is its subsidiary. Power Corporation likewise holds and effectively deals with a portfolio of investments in the United States, Europe and Asia. Power Corporation is a dominant stake possessor of Great-West Lifeco through its subsidiary Power Financial. Great West Lifeco provides life and medical coverage as well as retirement and investment management services.
The enterprise is known for its dynamic interest in Canadian governmental issues through its connections and the connections of the Desmarais family with different politicians.
Power Corp. of Canada’s sales turnover in Canada was 38.2 Billion Canadian dollars in 2015. The company earned 1.78 Billion Canadian dollars profit.
Revenues (in Bill C$)= 38.265
Profit (in Bill C$)= 1.786
2. Royal Bank of Canada
Royal Bank of Canada is situated in Toronto, Canada and caters to more than 16 million customers. It is the biggest bank in Canada.
Image:Wikimedia
The bank also has more than 78,000 workers worldwide, and the bank was established in Halifax, Nova Scotia in 1864, and the bank number or Institution Number of Royal Bank of Canada is 003. Royal Bank of Canada has more than 1,200 branches in Canada with around 127 branches crosswise over seventeen nations in the Caribbean, that cater to more than 1.6 million clients. Apart from Canada, the company serves in US as well as another 37 countries. Additionally, RBC also has an investment brokerage arm called RBC Dominion Securities and an investment & Corporate banking arm called RBC Capital Markets.
With assets under management exceeding more than 670 USD bn, the company has one of the largest market capitalizations in Canada as per the Scorpio Partnership Global Private Banking Benchmark.
A diversified financial services sector company, Royal bank of Canada offers variety of services. The company is into five different segments: Wealth management (in which the company provides specialized services to ultra or high net worth individuals or institutions), Personal and commercial banking (which is the retail banking arm of the company to serve the general customers with personal and business banking operations), Insurance (which includes the 2 business sub-segments that are Canadian and International insurance), Investor and treasury services ( for providing asset servicing solutions) and finally Capital Markets (that provide Investment and Global banking solutions).
Royal Bank of Canada’s sales turnover in Canada was 35.3 Billion Canadian dollars in 2015. The company earned 10.02 Billion Canadian dollars profit. Royal Bank of Canada is listed as the largest profitable company in Canada for 2015.
Revenues (in Bill C$)= 35.321
Profit (in Bill C$)= 10.026
1. George Weston Ltd.
George Weston Limited is a large private sector Canadian company that was established in 1882.
Image: company website
The company is headquartered in Toronto, Canada and is largely owned by Wittington Investments, Canada, and the company is into the field of food and drug retail business. The company has 2 broad segments: One is the Loblaw Companies Limited and other is the Weston Foods. The company has more than 2300 stores for its retail operations that are able to cater to most Canadians serving their regular nourishment, wellbeing and health needs. Weston is one of Canada's driving dough punchers and bakers, offering a wide choice of fresh bakery items toward the North American business sector. The Weston Foods portion delivers crisp and fresh bakery products likes cakes, pies, donuts, breads etc. It is also into the business of ice cream and sandwich wafers.
Loblaw, on the other hand, serves the hard items like pharmacy drugs, apparel, banking and mobile solution products, general merchandise etc. With around 2,300 corporate and franchised owned stores, it has a wide and easy accessibility to the Canadian people. The company recently acquired Shoppers Drug Mart that offer over-the-counter medicines, beautifying agents and aromas and family unit essentials. What's more, the company develops and oversees real estate properties in the areas of retail and commercial areas with a portfolio comprising of 435 properties. The portfolio fundamentally concentrates on general store shopping malls, super and hypermarkets, and other commercial properties.
George Weston’s sales turnover in Canada was 46.8 Billion Canadian dollars in 2015. The company earned 864 Million Canadian dollars profit. It is the largest employer in the private sector with more than 200,000 employees.
Revenues (in Bill C$)= 46.894
Profit (in Bill C$)= 0.864
Ranking Methodology:
Step 1: A laundry list of companies were shortlisted based on revenue and profit
Step 2: Top 10 companies were shortlisted based on the above 2 parameters.
Step 3: A weighted average score based on the 2 parameters Revenues and Profits were used to develop ranks.