The 15 Most Profitable Canadian Companies
Recently Canadian Business magazine published its 11th annual ranking of Canada’s 500 largest publicly-traded companies. This list is grouped by various categories such as best value stocks, best dividend stocks, mid caps, small caps, etc. In this post lets review the companies that earned the largest profits.
The Top 15 Canadian companies based on profits:
| 2010 Rank | Company | Ticker | 5-Year Return (%) | Sector | Profit in ($mil) |
|---|---|---|---|---|---|
| 1 | Royal Bank of Canada | RY | 94.8 | commercial banks | 3,858 |
| 2 | Bank of Nova Scotia | BNS | 58.1 | commercial banks | 3,547 |
| 3 | The Toronto-Dominion Bank | TD | 78.6 | commercial banks | 3,120 |
| 4 | Research In Motion Ltd. | RIMM | 127.1 | communications equipment | 2,731 |
| 5 | EnCana Corp. | ECA | 50.3 | oil, gas & consumable fuels | 2,124 |
| 6 | Canadian National Railway Co. | CNI | 76.2 | road & rail | 1,854 |
| 7 | Teck Resources Ltd. | TCK | 116.1 | metals & mining | 1,831 |
| 8 | Bank of Montreal | BMO | 39.1 | commercial banks | 1,787 |
| 9 | BCE Inc. | BCE | 26.2 | diversified telecommunication | 1,738 |
| 10 | Great-West Lifeco Inc. | N/A | 30.7 | insurance | 1,699 |
| 11 | Canadian Natural Resources Ltd. | CNQ | 131.7 | oil, gas & consumable fuels | 1,580 |
| 12 | Imperial Oil Ltd. | IMO | 34.9 | oil, gas & consumable fuels | 1,579 |
| 13 | Enbridge Inc. | ENB | 86.8 | oil, gas & consumable fuels | 1,562 |
| 14 | Rogers Communications Inc. | RCI | 123.8 | wireless telecommunication serv. | 1,478 |
| 15 | Power Financial Corp. | N/A | 25.8 | insurance | 1,439 |
Note: Profit amount is in Canadian $ and the 5-year return is for the Toronto Exchange listed security
Unlike many other developed countries, Canadian banks have been highly profitable and have taken the top three ranks this list. Royal Bank of Canada (RY), Canada’s most profitable bank, also made the largest profit of C$3.8B among publicly traded companies. Railroad operator Canadian National Railway (CNI) beat competitor Canadian Pacific (CP) in total profits earned. All the companies shown above have also great 5-year returns with four exceeding 100%.
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