As of March 8, 2024, Royal Bank Of Canada is the most valuable company in Canada, with a market cap of $139 billion. Following it are Toronto-Dominion Bank ($107 billion) and Canadian National Railway Company ($81.74 billion). Canada’s top five most valuable companies include some of the world’s most renowned brands: Canadian Pacific Kansas City Limited (No. 4, $81.37 billion) and CANADIAN NATURAL RESOURCES LIMITED (No. 5, $77.01 billion).
Overall, among Canada’s top 10 largest companies by market capitalization, the sixth, seventh, eighth, ninth, and tenth positions are held by ENBRIDGE INC, THOMSON REUTERS CORPORATION, BANK OF MONTREAL, BROOKFIELD CORPORATION, and THE BANK OF NOVA SCOTIA.
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
| RANK | COMPANY | MARKET CAPITAL (USD DOLLAR) | CEO | |
|---|---|---|---|---|
| 1 | ROYAL BANK OF CANADA | $139 billion | David I. McKay | |
| 2 | THE TORONTO-DOMINION BANK | $107 billion | Bharat Masrani | |
| 3 | CANADIAN PACIFIC KANSAS CITY LIMITED | $81.74 billion | Keith Edward Creel | |
| 4 | CANADIAN NATIONAL RAILWAY COMPANY | $81.37 billion | Tracy Robinson | |
| 5 | CANADIAN NATURAL RESOURCES LIMITED | $77.01 billion | Tim S. McKay | |
| 6 | ENBRIDGE INC. | $74.52 billion | Gregory L. Ebel | |
| 7 | THOMSON REUTERS CORPORATION | $71.22 billion | Steve Hasker | |
| 8 | BANK OF MONTREAL | $67.11 billion | Darryl White | |
| 9 | BROOKFIELD CORPORATION | $64.99 billion | Bruce Flatt | |
| 10 | THE BANK OF NOVA SCOTIA | $60.75 billion | L. Scott Thomson | |
| 11 | ALIMENTATION COUCHE-TARD INC. | $59.49 billion | Brian P. Hannasch | |
| 12 | CONSTELLATION SOFTWARE INC. | $57.78 billion | Mark Leonard | |
| 13 | CANADIAN IMPERIAL BANK OF COMMERCE | $46.01 billion | Victor G. Dodig | |
| 14 | SUNCOR ENERGY INC. | $45.01 billion | Richard Kruger | |
| 15 | MANULIFE FINANCIAL CORPORATION | $43.28 billion | Roy Gori | |
| 16 | TC ENERGY CORPORATION | $41.57 billion | François Poirier | |
| 17 | IMPERIAL OIL LIMITED | $34.22 billion | Brad Corson | |
| 18 | CENOVUS ENERGY INC. | $33.41 billion | Alex Pourbaix | |
| 19 | BCE INC. | $33.17 billion | Mirko Bibic | |
| 20 | LOBLAW COMPANIES LIMITED | $33.03 billion | Per Bank | |
| 21 | SUN LIFE FINANCIAL INC. | $31.73 billion | Kevin David Strain | |
| 22 | INTACT FINANCIAL CORPORATION | $29.75 billion | Louis Gagnon | |
| 23 | GREAT-WEST LIFECO INC. | $29.71 billion | Paul A Mahon | |
| 24 | BARRICK GOLD CORPORATION | $27.62 billion | Mark Bristow | |
| 25 | NATIONAL BANK OF CANADA | $27.11 billion | Laurent Ferreira | |
| 26 | HYDRO ONE LIMITED | $18.04 billion | David Lebeter | |
| 27 | GEORGE WESTON LIMITED | $17.55 billion | Galen Weston Jr. | |
| 28 | BROOKFIELD ASSET MANAGEMENT LTD. | $16.47 billion | Bruce Flatt | |
| 29 | TOURMALINE OIL CORP. | $16.4 billion | Michael L. Rose | |
| 30 | MAGNA INTERNATIONAL INC. | $15.57 billion | Seetarama Kotagiri |
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