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CEOWORLD magazine - Latest - CEO Explainers - Canada’s Largest Companies by market capitalization, 2024

CEO Explainers

Canada’s Largest Companies by market capitalization, 2024

As of February 18, 2025, the Royal Bank Of Canada is the most valuable company in Canada, with a market cap of $168 billion. Following it are Toronto-Dominion Bank ($105 billion) and BROOKFIELD ASSET MANAGEMENT LTD. ($96.57 billion).

Which one is the most valuable in Canada by market cap?
This list comprises the biggest companies currently in Canada by market cap in 2024:

Canada’s Largest Companies by market capitalization, 2024

RANKCOMPANYMARKET CAPITAL (USD DOLLAR)
1ROYAL BANK OF CANADA$168 billion
2THE TORONTO-DOMINION BANK$105 billion
3BROOKFIELD ASSET MANAGEMENT LTD.$96.57 billion
4ENBRIDGE INC.$93.94 billion
5BROOKFIELD CORPORATION$91.83 billion
6THOMSON REUTERS CORPORATION$78.23 billion
7CONSTELLATION SOFTWARE INC.$73.81 billion
8BANK OF MONTREAL$73.78 billion
9CANADIAN PACIFIC KANSAS CITY LIMITED$72.4 billion
10CANADIAN NATIONAL RAILWAY COMPANY$63.77 billion
11CANADIAN NATURAL RESOURCES LIMITED$63.56 billion
12THE BANK OF NOVA SCOTIA$63 billion
13CANADIAN IMPERIAL BANK OF COMMERCE$58.54 billion
14MANULIFE FINANCIAL CORPORATION$51.17 billion
15SUNCOR ENERGY INC.$49.09 billion
16ALIMENTATION COUCHE-TARD INC.$48.41 billion
17TC ENERGY CORPORATION$45.98 billion
18LOBLAW COMPANIES LIMITED$37.89 billion
19INTACT FINANCIAL CORPORATION$36.28 billion
20IMPERIAL OIL LIMITED$35.3 billion
21NATIONAL BANK OF CANADA$34.85 billion
22GREAT-WEST LIFECO INC.$33.93 billion
23FAIRFAX FINANCIAL HOLDINGS LIMITED$31.66 billion
24SUN LIFE FINANCIAL INC.$31.62 billion
25BARRICK GOLD CORPORATION$31 billion
26WHEATON PRECIOUS METALS CORP.$30.65 billion
27CENOVUS ENERGY INC.$27.95 billion
28DOLLARAMA INC.$27.29 billion
29CGI INC.$27.03 billion
30FRANCO-NEVADA CORPORATION$26.65 billion

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CEOWORLD magazine - Latest - CEO Explainers - Canada’s Largest Companies by market capitalization, 2024
Harris Williams
Associate News Editor at CEOWORLD Magazine, specializing in data-led features with experience in breaking news, investigations, opinion, and analysis. I write data-led features on topics from banking to finance and work with developers and designers to create interactives and infographics.