TSX index Companies of Canada: A company is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals.
A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations.
Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. A company can be defined as an “artificial person”, invisible, intangible, created by or under law, with a discrete legal personality, perpetual succession, and a common seal. Except for some senior positions, companies remain unaffected by the death, insanity, or insolvency of an individual member.
Top 15 companies of Canada in the TSX index 2022
The largest companies in Canada weigh heavily on the country’s economy and beyond. Here are the thirty largest companies in the Toronto Stock Exchange, presented with their activities, logos, and useful links.
In Canada, companies are incorporated to get publicly listed on the Toronto Stock Exchange – TSX. Though they have to follow the rules of securities regulation agencies, they can then gain access to capital from investors who buy their stocks.
To help you learn more about the largest Canadian companies, the top 15 corporations in the TSX index have been listed hereafter. Each company is presented with details on its sector and industry, operations, market capitalization, a direct link to its website, logo, and stock symbol. Companies are ranked by market capitalization in Canadian Dollars as of the effective close of Friday, Feb 12, 2022.
Note that if you are searching for information on these companies to invest in their stocks, make sure you know what you are doing as your investment will be subject to significant risks with the evolution of stock prices. To learn more about investing in the stock market and managing your portfolio, check our post on the best online courses on stock investing and trading.
Here are the list and explanation of the 30 companies in Canada:
1. Shopify
Shopify is an e-commerce company providing an e-commerce platform for online stores and retail point-of-sale systems. Founded in 2004, Shopify offers a range of services including payments, marketing, shipping, and customer engagement tools to more than 800,000 businesses in approximately 175 countries.
Website: shopify.com – Market Cap.: C$171.8 Billion – Stock ticker: SHOP
2. TD
Operating as TD Bank Group, more commonly known as TD, the Toronto–Dominion Bank is a Canadian multinational banking and financial services company. Proceeding from the merger of two banks founded in the 19th century, TD Bank has become one of the largest banks in Canada, also very present in the Eastern United States.
Website: td.com – Market Cap.: C$149.9 Billion – Stock ticker: TD
3. RBC
The largest bank in Canada by market capitalization, the Royal Bank of Canada – RBC – is a multinational banking and financial services corporation. Founded in 1882, RBC is engaged in commercial banking, investment banking, and insurance throughout Canada; it has also developed branches in the United States as well as in seventeen Caribbean countries.
Website: rbc.com – Market Cap.: C$166.1 Billion – Stock ticker: RY
4. Scotiabank
Operating as Scotiabank, the Bank of Nova Scotia is a multinational bank. Founded in 1832, the Bank of Nova Scotia has become “the most international bank of Canada” through its acquisitions in more than fifty countries of Latin America and the Caribbean, Europe, and parts of Asia.
Website: scotiabank.com – Market Cap.: C$95.5 Billion – Stock ticker: BNS
5. CN
Canadian National Railway Corporation, more simply known as CN, is a freight railway company serving Canada and the Midwestern and Southern United States. Founded in 1919, CN has developed its network of freight transport for raw materials, intermediate and finished goods beyond the rail to trucking and shipping.
Website: cn.ca – Market Cap.: C$104.1 Billion – Stock ticker: CNR
6. Enbridge
Enbridge Inc. is a multinational energy company focusing on the transportation, distribution, and generation of energy, primarily in Canada and the United States. It notably operates the longest crude oil and liquid hydrocarbons pipeline transportation system in North America and the largest natural gas distribution network, servicing Ontario, Quebec, New Brunswick, and New York State.
Website: enbridge.com – Market Cap.: C$91.9 Billion – Stock ticker: ENB
7. Brookfield
Brookfield Asset Management Inc. is an alternative asset management company engage in real estate, renewable power, infrastructure, and private equity. Beyond Canada, Brookfield Asset Management has also opened offices in New York City, London, Rio de Janeiro, and Sydney.
Website: brookfield.com – Market Cap.: C$85.5 Billion – Stock ticker: BAM.A
8. BMO
The oldest bank in Canada, founded in 1817, the Bank of Montreal is a banking and financial services corporation. Operating in commercial banking as BMO Bank of Montreal in Canada, the company is also engaged in the United States, especially in the Chicago area, where it operates as BMO Harris Bank. BMO also conducts activities of corporate banking and wealth management.
Website: bmo.com – Market Cap.: C$72.2 Billion – Stock ticker: BMO
9. Canadian Pacific Railway
Founded in 1881, the Canadian Pacific Railway, also known as CP, is a railroad company owning about 20,000 kilometers (12,500 miles) of track across Canada and in the United States, also providing associated transportation services.
Website: cpr.ca – Market Cap.: C$63.2 Billion – Stock ticker: CP
10. CIBC
The Canadian Imperial Bank of Commerce, commonly known as CIBC, is one of the largest banks in Canada, involved in retail and business banking, wealth management, and capital markets. CIBC has developed operations in the United States, the Caribbean, Asia, and Europe.
Website: cibc.com – Market Cap.: C$56.8 Billion – Stock ticker: CM
11. TC Energy
TC Energy Corporation is an energy company operating natural gas and liquids pipelines and power generation plants. It’s gas pipelines, the company’s largest segment, transport more than 25% of North American natural gas demand, in Canada, the United States, and Mexico.
Website: tcenergy.com – Market Cap.: C$56.6 Billion – Stock ticker: TRP
12. Thomson Reuters
Thomson Reuters Corporation is a multinational mass media and information company, majority-owned by The Woodbridge Company. Evolved from a company founded in 1934, Thomson Reuters has become a world-leading provider of news, information, and tools for professionals, operating in more than 100 countries.
Website: thomsonreuters.com – Market Cap.: C$54.1 Billion – Stock ticker: TRI
13. Manulife
Manulife Financial Corporation is a multinational insurance and financial services company. Operating in Canada and Asia as Manulife, the company primarily operates in the United States through its subsidiary, John Hancock Financial. Manulife Financial Corporation also fully owns the Manulife Bank of Canada.
Website: manulife.com – Market Cap.: C$52.7 Billion – Stock ticker: MFC
14. Barrick Gold
The largest gold mining company in the world, Barrick Gold Corporation is operating in Argentina, Australia, Canada, Chile, the Dominican Republic, Papua New Guinea, Peru, Saudi Arabia, the United States, and Zambia.
Website: barrick.com – Market Cap.: C$46.5 Billion – Stock ticker: ABX
15. BCE
BCE Inc., formerly Bell Canada Enterprises, is a telecommunications and mass media holding company for the Bell Canada corporate group. Besides its telecommunications and media arms, Bell Canada and Bell Media, BCE is also involved in sports with participation in the Montreal Canadiens ice hockey club and Maple Leaf Sports & Entertainment and owns several other local telecommunications companies.
Website: bce.ca – Market Cap.: C$51.3 Billion – Stock ticker: BCE
In Conclusion
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