Did you know that 4.6% of 🍁 Canada's workforce is employed in the finance & insurance sector?
The financial sector has the largest market cap, at 31.4%, among the 100 largest Canadian companies. We have provided the employee numbers for the top 52 employers in this sector, focusing exclusively on their workforce within Canada.
🏢 Top Employers (10k+ employees in Canada):
- TD: 73.6K
- RBC: 69.5k (without HSBC)
- Desjardins: 56k
- CIBC: 44k
- Scotiabank: 41.8k
- BMO: 36.9k
- Intact Financial: 21k
- National Bank: 20.3k
- Sun Life: 14.8k
- Manulife: 12.7k
- Great West Life & Canada Life: 12.2k
🌍 Some companies, such as Scotiabank, Sunlife and Manulife, employ more staff internationally, reflecting their extensive global operations.
👥 'Others' , make up 48.1% of the sector's workforce, predominantly consisting of mortgage and insurance brokers, smaller credit unions, and small investment firms.
Comparative Insight:
Canada's largest employment sectors, as of 2023, are:
- Trade (stores): 15.8%
- Health care and social assistance: 12.8%
- Manufacturing: 8.7%
- Educational services: 8%
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Disclaimer:
- Any analysis or commentary reflects the opinions of WOWA.ca analysts and should not be considered financial advice. Please consult a licensed professional before making any decisions.
- The calculators and content on this page are for general information only. WOWA does not guarantee the accuracy and is not responsible for any consequences of using the calculator.
- Financial institutions and brokerages may compensate us for connecting customers to them through payments for advertisements, clicks, and leads.
- Interest rates are sourced from financial institutions' websites or provided to us directly. Real estate data is sourced from the Canadian Real Estate Association (CREA) and regional boards' websites and documents.