In the fiscal year of 2023, Canada boasts a diverse array of economic powerhouses, with its top 10 revenue-generating companies spanning across multiple sectors. Among these industry leaders are Brookfield Asset Management, Alimentation Couche-Tard, Cenovus Energy, Suncor Energy, Imperial Oil, George Weston, Loblaw Companies, Power Financial, Power Corporation of Canada, and Enbridge. These influential corporations contribute significantly to Canada’s economic landscape, operating in sectors including financial services, energy, retail, and consumer staples. While exploring the significance of Canada’s major enterprises in shaping the nation’s economic narrative, we also examine Turkey’s top 10 revenue giants.
Brookfield Asset Management
- Sector: Financial Services and Investment Management;
- Revenue (Q1 2023; Q2, Q3, Q4 2022): $75.73 Billion;
- Ticker: BAM;
- Website: Brookfield Asset Management.
Brookfield Asset Management, with its historic roots stretching back to 1899 and headquartered in Toronto, Canada, has a significant global presence across more than 30 countries. The firm’s extensive operations span a diverse range of sectors including real estate, renewable energy, infrastructure, and private equity. Brookfield offers a comprehensive array of investment products and services, and it has developed and nurtured numerous prominent brands, recognized for their leadership and innovation in their respective investment sectors.
Alimentation Couche-Tard
- Sector: Retail and Convenience Stores;
- Revenue (Q1 2023; Q2, Q3, Q4 2022): $70.54 Billion;
- Ticker: ATD.TO;
- Website: Alimentation Couche-Tard.
Founded in 1980 and based in Laval, Quebec, Canada, Alimentation Couche-Tard operates an extensive international network of convenience stores and fuel stations in over 25 countries. The company has grown a portfolio of successful retail brands, including Circle K, Couche-Tard, and Mac’s, known for their convenience store offerings and quick-service restaurant options, catering to a wide range of customer needs.
Cenovus Energy
- Sector: Energy and Natural Resources;
- Revenue (Q1 2023; Q2, Q3, Q4 2022): $55.27 Billion;
- Ticker: CVE;
- Website: Cenovus Energy.
Cenovus Energy, headquartered in Calgary, Canada, and founded in 2009, has operations spanning several countries, including Canada and the United States. As a key player in the energy industry, Cenovus Energy’s core activities are focused on the exploration, development, and production of oil and natural gas. The company also provides a range of related products and services, playing a vital role in the energy market with a commitment to sustainability and innovation.
Suncor Energy
- Sector: Energy and Natural Resources;
- Revenue (Q1 2023; Q2, Q3, Q4 2022): $44.57 Billion;
- Ticker: SU;
- Website: Suncor Energy.
Founded in 1919 and headquartered in Calgary, Canada, Suncor Energy has established a substantial international presence, operating in Canada, the United States, and the United Kingdom. The company is a major player in the energy sector, with activities encompassing the exploration, extraction, and refinement of oil and gas. Suncor Energy extends its reach by offering a variety of energy-related products and services, including the provision of petroleum, natural gas, and the development of renewable energy solutions. Its recognized brands, such as Petro-Canada and Syncrude, exemplify its commitment to quality and sustainability in the energy industry.
Imperial Oil
- Sector: Oil and Gas;
- Revenue (Q1 2023; Q2, Q3, Q4 2022): $44.22 Billion;
- Ticker: IMO;
- Website: Imperial Oil.
Imperial Oil, with a history dating back to 1880 and headquartered in Calgary, Canada, is a key enterprise in the oil and gas industry, with operations that span across Canada and the United States. The company is actively involved in the discovery, production, and sale of crude oil and natural gas, and also specializes in refining and distributing petroleum products. It markets its diverse petroleum product range under various brand names, including the widely recognized Esso.
George Weston
- Sector: Food Processing and Distribution;
- Revenue (Q1 2023; Q2, Q3, Q4 2022): $42.94 Billion;
- Ticker: WN.TO;
- Website: George Weston Limited.
George Weston Limited is a global food processing and distribution company, founded in 1882 and based in Toronto, Canada. With operations extending to over 40 countries, the company plays a significant role in the consumer staples market. George Weston Limited’s business portfolio includes the manufacturing and distribution of a broad spectrum of food products, such as baked goods, dairy items, and various grocery products. The company is renowned for its popular brands like Wonder Bread and Weston Foods, and also holds a key stake in Loblaw Companies Limited, enhancing its footprint in the food retail sector.
Loblaw Companies
- Sector: Retail and Consumer Services;
- Revenue (Q1 2023; Q2, Q3, Q4 2022): $42.52 Billion;
- Ticker: L.TO;
- Website: Loblaw Companies.
Since its inception in 1919, Loblaw Companies Limited, headquartered in Brampton, Ontario, Canada, has expanded its operations to include Canada, the United States, and the Caribbean with over 2,400 stores. As one of the leaders in the retail sector, Loblaw is dedicated to providing a comprehensive array of products and services, including groceries, household essentials, health and beauty products, and pharmacy services. The company has cultivated a suite of reputable brands such as President’s Choice, No Name, and Life Brand, each synonymous with quality and value.
Power Financial
- Sector: Financial Services and Asset Management;
- Revenue (Q1 2023; Q2, Q3, Q4 2022): $42.38 Billion;
- Ticker: PWF-PS.TO;
- Website: Power Corporation of Canada.
Power Corporation of Canada, with its headquarters in Montreal and founded in 1984, has a robust international presence, operating in over 20 countries. The corporation specializes in a spectrum of financial services, including insurance and wealth management solutions. Its extensive range of offerings covers life insurance, investment products like mutual funds, and services catered to retirement planning. Power Corporation is the parent company to a family of prominent brands in the financial sector, including Great-West Lifeco and IGM Financial, known for their trusted services and expertise in financial security and asset management.
Power Corporation of Canada
- Sector: Financial Services and Investments;
- Revenue (Q1 2023; Q2, Q3, Q4 2022): $40.98 Billion;
- Ticker: POW.TO;
- Website: Power Corporation of Canada.
Established in 1925 and headquartered in Montreal, Quebec, Power Corporation of Canada has cultivated a strong international presence, with diversified operations spanning various countries. As a conglomerate in the financial services industry, the company’s interests include asset management, insurance services, and investment management. It provides an extensive array of financial products and services, such as wealth management strategies, life insurance, and mutual funds, catering to a global clientele. Power Corporation of Canada is the parent entity of several prominent brands, including Great-West Lifeco and IGM Financial, demonstrating its expansive influence and leadership in the financial sector.
Enbridge
- Sector: Energy Infrastructure and Services;
- Revenue (Q1 2023; Q2, Q3, Q4 2022): $40.63 Billion;
- Ticker: ENB;
- Website: Enbridge.
Founded in 1949 and based in Calgary, Canada, Enbridge has a robust operational network that extends across Canada, the United States, and other international markets. The company is a key player in the energy sector, focusing on the transportation, distribution, and production of energy resources. Enbridge is known for its expertise in the safe and reliable transportation of crude oil and natural gas and is also actively involved in the development of renewable energy projects. With a suite of subsidiary brands, including Enbridge Gas and Enbridge Pipelines, the company is committed to facilitating energy transportation and delivering innovative energy solutions.
Conclusion
These ten companies constitute a pivotal part of Canada’s corporate landscape. They are not only revenue giants but also key contributors to the nation’s economic health, employment generation, and innovation drive. From financial services to energy and retail, these firms exemplify success, resilience, and leadership, playing a crucial role in shaping the future of Canada’s business and economic environment.
Canada’s business landscape is characterized by a diverse mix of industries, from financial services to energy, retail, and consumer goods. These top 10 companies, with their extensive reach and significant revenue generation, are not only shaping the Canadian economy but also making marked global impacts. Through innovation, strategic growth and robust leadership, these industry giants continue to set the pace, influencing market trends and driving economic development at both the national and international levels.