- The Royal Bank of Canada has a market capitalization of $118.81 billion
- The Toronto Dominion Bank is the second largest company by market cap in Canada
- Enbridge is the 145th largest company by market cap globally
Money keeps the world spinning around, and the biggest holders of moolah are corporations that filter money through their massive membranes. Canada is no stranger to these mega-companies, and it has its own fair share of them. However, their rank on the world stage is not as high as other more populated countries. Market capitalization is the value of a company on the stock market, essentially the share price multiplied by the total number of shares in circulation. This list will run down the ten largest Canadian companies organized by market cap.
BCE Inc, once known as Bell Canada Enterprises, is the first entry on this list. This publicly-traded company is a holding company for various Bell Canada companies, merging together various media assets and industries into one much larger umbrella. With its influence reaching across from telecommunications to mass media, it is no wonder that it's one of Canada's largest companies.
9. TransCanada Corporation
Next, we have the TransCanada corporation, a group that now goes by the moniker TC Energy. This Calgary headquartered company is a major player in the North American energy scene, developing and operating energy infrastructure in Canada, the US, and Mexico. Its business comprises of three core elements: Natural Gas Pipelines, Liquids Pipelines, and the more general Energy division.
8. Bank of Montreal
The Bank of Montreal is, as the name suggests, a Canadian multinational bank that deals in investments and financial services provided to its clients. Fittingly, it was founded in Montreal, Quebec in 1817 under the original name Montreal bank. Now it has offices in major Canadian cities from its namesake Montreal to Toronto. It also goes by the commonly used acronym BMO.
7. Suncor Energy
It's no surprise that energy companies continue to make the list as groups like Suncor Energy provide the basis for nearly our entire civilization's infrastructure to run properly. This organization is, like TC Energy, based out of Calgary, Alberta, and it specializes in the production of synthetic crude materials pulled out of the oil sands, which are well-known in the province.
6. Brookfield Asset Management
Brookfield Asset Management shifts away from the industries that have been prevalently featured so far and is instead an alternative asset management company that focuses on areas like real estate, renewable power, infrastructure, and private equity. It's headquartered in the Canadian metropolis of Toronto but has operations that reach to New York City and London.
5. Canadian National Railway Company
This organization, like the previous entry, leaves the world of banking and energy to focus instead on cementing its position as the largest railway in Canada. Canada National Railway Company, as the name implies, deals in rail transportation and is headquartered out of Montreal. The area it serves includes its own country, Canada, as well as certain areas of the US.
4. Bank of Nova Scotia
With the Bank of Nova Scotia, we dive back into one of two industries that will dominate the remainder of this list. In Scotiabank's case, this is the banking industry, where it provides financial services and acts as a multinational banking firm. It serves a customer base 25,000,000 strong and offers an array of services all around the world.
Enbridge is a pretty familiar name in both Canada and the US as it is a very large and well-known energy company. In general, they focus on the transportation, distribution, and generation of energy, with the specific energy source ranging from crude oil to liquid hydrocarbons. Like the other energy companies on this list, it is based out of Calgary, Alberta.
2. Toronto Dominion Bank
The remaining companies on this list are the two largest ones by market cap and they both happen to reign in the financial sector. The Toronto Dominion Bank, commonly known as TD, was created in 1955 through the merger of the Bank of Toronto and The Dominion Bank, explaining its name. While it's not the largest by market cap, it is the largest in Canada when it comes to its total assets.
1. Royal Bank of Canada
Finally, we have the Royal Bank of Canada, which usually goes by the much fewer syllables alias RBC. This multinational financial services company is the largest bank in Canada by market capitalization, serving millions of clients and employing thousands of people. These clients aren't just Canadian, as the company actually has operations in forty other countries, making it a true international gem.