🍁 Canada’s 20 Largest Companies: A Look at Industries, Age, Income, Dividends, and Returns
| Company Name | Year Founded | Market Cap ($B) | P/E Ratio | 5-Year Return (%) | 10-Year Return (%) | Industry | Revenue ($B) | Income ($B) | Total Dividends ($B) |
|---|---|---|---|---|---|---|---|---|---|
| Average | 1916 | 107 | 20.6 | 13.5% | 11.7% | 39.3 | 5.2 | 3.0 | |
| Royal Bank Of Canada | 1864 | 239 | 14.7 | 14.1% | 11.9% | Banks | 57.3 | 16.2 | 8.2 |
| Shopify | 2006 | 221 | 76.1 | 22.4% | N/A | Software | 12.8 | 2.9 | 0.0 |
| Toronto Dominion Bank | 1855 | 150 | 17.0 | 6.7% | 8.4% | Banks | 57.2 | 8.8 | 7.7 |
| Enbridge | 1949 | 141 | 21.5 | 8.3% | 4.1% | Oil & Gas | 48.6 | 6.6 | 8.2 |
| Brookfield Corporation | 1899 | 126 | 145.4 | 14.1% | 14.1% | Asset Management | 116.0 | 0.9 | 0.7 |
| Thomson Reuters | 1851 | 114 | 40.1 | 18.9% | 17.5% | Corporate Services | 9.8 | 2.8 | 1.3 |
| Canadian Pacific Railway | 1881 | 104 | 28.0 | 11.1% | 10.6% | Transportation | 14.5 | 3.7 | 0.7 |
| Bank of Montreal | 1817 | 103 | 14.1 | 11.0% | 10.0% | Banks | 32.8 | 7.3 | 4.8 |
| Constellation Software | 1995 | 103 | 129.7 | 28.2% | 30.1% | Software | 13.1 | 0.8 | 0.1 |
| Scotiabank | 1832 | 99 | 12.5 | 5.4% | 6.1% | Banks | 33.7 | 7.9 | 5.7 |
| Canadian Natural Resources | 1973 | 93 | 12.3 | 23.0% | 11.6% | Oil & Gas | 35.7 | 7.6 | 4.5 |
| Canadian National Railway | 1919 | 92 | 20.7 | 6.1% | 7.6% | Railroads | 17.0 | 4.4 | 2.1 |
| CIBC | 1867 | 83 | 11.6 | 14.9% | 10.6% | Banks | 25.6 | 7.2 | 3.6 |
| Manulife Financial | 1887 | 73 | 13.5 | 14.2% | 10.3% | Insurance - Life | 55.2 | 5.4 | 3.1 |
| Suncor Energy | 1919 | 72 | 11.9 | 9.2% | 6.3% | Oil & Gas | 54.9 | 6.0 | 2.8 |
| Agnico Eagle Mines | 1953 | 71 | 26.1 | 12.1% | 13.1% | Mining | 11.9 | 2.7 | 1.2 |
| TC Energy | 1951 | 70 | 15.2 | 4.2% | 6.1% | Oil & Gas | 13.8 | 4.6 | 3.9 |
| lululemon athletica | 1998 | 69 | 28.7 | 11.6% | 20.1% | Apparel Retail | 14.1 | 2.4 | 0.0 |
| Alimentation Couche-Tard | 1980 | 69 | 19.2 | 12.3% | 12.2% | Retail Discretionary | 101.0 | 3.6 | 0.7 |
| Loblaw Companies | 1919 | 54 | 24.0 | 22.4% | 12.7% | Retail Staples | 60.6 | 2.3 | 0.6 |
📊 Breakdown by Industry:
- 🔹 7 in Finance
- 🔹 4 in Oil & Gas
- 🔹 2 in Railroads
- 🔹 2 in Groceries
- 🔹 2 in Software
- 🔹 3 in Other Industries (Mining, Apparel, and Media/Data)
📅 Average founding year: 1916
Key Insights:
1️⃣ Age of Top Companies:
Canada’s top 20 companies have an average founding year of 1916, while in the U.S., it’s 1956, showing a much younger corporate landscape south of the border.
2️⃣ Industry Dominance:
Canada’s largest companies are heavily concentrated in traditional industries. In contrast, 8 out of the top 20 U.S. companies are in technology.
3️⃣ Stock Performance (including dividends):
- 5-year average annualized return: 13.5%.
- 10-year average annualized return: 11.7%.
4️⃣ Top Performers (5-Year Annualized Growth):
- 📈 Constellation Software: 28.2%
- 🛢️ Canadian Natural Resources: 23%
- 💻 Shopify: 22.4%
- 🛒 Loblaws: 22.4%
5️⃣ Stocks vs. Real Estate:
- Excluding Rent: Annualized real estate returns have been 4.5-7% in the past 10 years.
- Including Rent: Annualized real estate returns don’t exceed 11%.
6️⃣ Highest Dividends:
RBC and Enbridge each paid $8.2B in total dividends in 2024.
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