In 2024, Canada’s corporate landscape continues to be shaped by powerful industry leaders spanning diverse sectors such as energy, financial services, retail, and manufacturing. From global asset managers like Brookfield Corporation to energy giants like Cenovus Energy and Suncor, Canadian companies are driving innovation and growth both domestically and internationally. Financial institutions including Royal Bank of Canada and Toronto-Dominion Bank play critical roles in supporting economic development, while retail and consumer-focused giants like Loblaw Companies and Alimentation Couche-Tard deliver essential goods and services to millions. This article explores the profiles of some of Canada’s top companies by revenue, highlighting their operations, workforce, and financial performance in 2024.
1.Brookfield Corporation
Brookfield Corporation (BN) is a leading global alternative asset manager with a highly diversified portfolio spanning real estate, renewable power, infrastructure, and private equity. Managing assets valued at over $800 billion, Brookfield serves a broad client base including institutional investors, sovereign wealth funds, and retail investors worldwide. The company employs approximately 7,000 professionals across more than 30 countries, leveraging deep sector expertise and local market knowledge to drive value creation.
Financially, Brookfield maintains a robust balance sheet with a strong capital base and consistent cash flow generation, which supports its disciplined investment approach. The firm’s long-term investment horizon and active asset management have enabled it to achieve attractive risk-adjusted returns over multiple market cycles. In 2024, Brookfield reported revenues of $86.00 billion, reflecting growth driven by strategic acquisitions and expansion in high-growth sectors like renewable energy and infrastructure.
Brookfield’s operational focus emphasizes sustainability and innovation, aiming to generate long-term, stable cash flows while reducing environmental impact. Its extensive global footprint includes major investments in North America, Europe, Latin America, and Asia-Pacific, positioning it as a key player in driving infrastructure modernization and clean energy transition worldwide.
Revenue (2024): $86.00 billion
2.Alimentation Couche-Tard
Alimentation Couche-Tard (ATD.TO) is a Canadian multinational leader in the convenience store and gas station sector, headquartered in Laval, Quebec. With a vast network of approximately 16,700 locations spread across 31 countries and territories, including North America, Europe, and Asia, the company serves millions of customers daily. Its stores provide a comprehensive selection of products and services, ranging from snacks, beverages, and fresh food to tobacco, fuel, and increasingly, electric vehicle charging solutions, reflecting its commitment to adapting to evolving consumer needs.
The company operates several prominent brands such as Couche-Tard, Circle K, and Ingo, which are well recognized for quality and convenience. Alimentation Couche-Tard employs roughly 130,000 people worldwide, supported by a robust management team focused on operational efficiency and customer experience innovation.
Financially, Alimentation Couche-Tard demonstrated strong performance in 2024, reporting revenues of $74.17 billion. This growth is driven by strategic store expansions, acquisitions, and enhanced service offerings. Notably, in August 2024, the company made a friendly acquisition offer for Seven & I Holdings, the parent company of 7-Eleven, aiming to significantly bolster its global footprint and market share in the convenience retail space.
The company maintains a solid balance sheet and consistent cash flow, which supports aggressive expansion and investments in new technologies, including the development of sustainable fuel alternatives and digital customer engagement platforms.
Revenue (2024): $74.17 billion
3.George Weston
George Weston Limited (WN.TO) is a prominent Canadian public holding company headquartered in Toronto, with a rich history dating back to 1882. The company’s diversified portfolio spans the food processing, retail, and real estate sectors, positioning it as a key player in multiple Canadian markets. Central to its operations is a controlling 53% ownership stake in Loblaw Companies Limited, the largest food retailer in Canada, which operates more than 2,500 stores under well-known banners such as Loblaw, No Frills, Maxi, and Shoppers Drug Mart. This extensive retail network caters to millions of Canadians, offering groceries, pharmacy services, and other everyday essentials.
In addition to its retail dominance, George Weston holds a 62% interest in Choice Properties Real Estate Investment Trust, which specializes in the ownership, management, and development of commercial and residential properties across Canada. Choice Properties plays a strategic role in supporting Loblaw’s retail footprint through prime real estate assets and diversified property investments.
George Weston employs approximately 60,000 people directly and indirectly through its subsidiaries, fostering a workforce skilled in retail management, food production, and real estate development. The company emphasizes sustainability and innovation, particularly in its food processing operations, where it seeks to enhance supply chain efficiencies and reduce environmental impact.
Financially, George Weston Limited reported revenues of $44.78 billion in 2024, driven by strong performance in both retail and real estate segments. The company maintains solid profitability metrics and a conservative capital structure, enabling it to invest in growth initiatives and shareholder returns. Its strategic focus on integrated operations across food and real estate sectors continues to underpin stable cash flows and long-term value creation.
Revenue (2024): $44.78 billion
4.Loblaw Companies Limited
Loblaw Companies Limited (L.TO) is Canada’s largest food retailer, operating over 2,500 supermarkets, pharmacies, and apparel stores nationwide. Headquartered in Brampton, Ontario, Loblaw offers groceries, pharmacy products, apparel, financial services, and wireless mobile products through brands like Loblaws, No Frills, Real Canadian Superstore, Shoppers Drug Mart, and Joe Fresh. Controlled by George Weston Limited, the company employs around 200,000 people and focuses on sustainability and customer service. In 2024, Loblaw reported revenues of $44.35 billion, driven by strong sales and ongoing investments in technology and store upgrades.
Revenue (2024): $44.35 billion
5.Royal Bank of Canada
Royal Bank of Canada (RY) is Canada’s largest financial institution, providing a wide range of services including personal and commercial banking, wealth management, insurance, and capital markets. Serving over 17 million clients globally, RBC employs more than 94,000 people across 36 countries. Headquartered in Toronto with its main office in Montreal, the bank reported revenues of $43.20 billion in 2024.
Revenue (2024): $43.20 billion
6.Cenovus Energy
Cenovus Energy Inc. (CVE), headquartered in Calgary, Alberta, is a leading Canadian integrated energy company specializing in oil sands production using steam-assisted gravity drainage (SAGD) technology. The company operates refining assets across Canada and the U.S. Following its 2021 acquisition of Husky Energy, Cenovus strengthened its upstream and downstream operations. In 2024, Cenovus reported revenues of $43.07 billion.
Revenue (2024): $43.07 billion.
7.Magna International
Magna International Inc. (MGA) is a leading Canadian mobility technology company headquartered in Aurora, Ontario. Serving global automotive manufacturers, Magna operates 447 facilities in 28 countries and employs over 170,000 people. Its wide range of products includes automotive systems, assemblies, modules, and components, supplying major automakers such as GM, Ford, BMW, Mercedes-Benz, Toyota, Tesla, and more. Magna reported revenues of $42.83 billion in 2024.
Revenue (2024): $42.83 billion.
8.Power Financial Corporation
Power Financial Corporation (PWF-PS.TO), based in Montreal, Quebec, is a Canadian international management and holding company focused on financial services and asset management. It holds significant stakes in Great-West Lifeco and IGM Financial, leaders in insurance, retirement, wealth management, and investment management across Canada, the U.S., and Europe. Power Financial reported revenues of $42.38 billion in 2024.
Revenue (2024): $42.38 billion.
9.Toronto-Dominion Bank
Toronto-Dominion Bank (TD) is a leading Canadian financial institution offering a broad range of banking and financial services across Canada and the United States. Headquartered in Toronto, TD serves over 26 million customers and employs approximately 90,000 people. The bank’s operations cover retail, small business, commercial banking, wealth management, and insurance services. TD is recognized for its strong customer service, digital innovation, and extensive branch and ATM network. In 2024, TD reported revenues of approximately $41.13 billion, supported by steady growth in both its Canadian and U.S. markets.
Revenue (2024): Approximately $41.13 billion.
10.Suncor Energy
Suncor Energy Inc. (SU) is a leading Canadian integrated energy company focused on oil sands development, production, upgrading, offshore oil production, and petroleum refining. Headquartered in Calgary, Alberta, Suncor employs around 13,000 people and is committed to advancing sustainable energy solutions alongside its core operations. In 2024, Suncor reported revenues of approximately $39.86 billion, driven by strong production volumes and operational efficiencies in both upstream and downstream segments.
Revenue (2024): Approximately $39.86 billion