Canada's 15 Most Profitable Companies

by: David Hunkar

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
Click to enlarge

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, Canada’s most profitable bank, also made the largest profit of C$3.8B among publicly traded companies. Railroad operator Canadian National Railway beat competitor Canadian Pacific (NYSE:CP) in total profits earned. All the companies shown above have also great 5-year returns with four exceeding 100%.