Top 30 companies of Canada in the TSX index 2021

Toronto skyline

The largest companies in Canada weigh heavily on the country’s economy and beyond. Here are the thirty largest companies in the Toronto Stock Exchange, presented with their activities, logos, and useful links.

TMX Toronto Stock Exchange logoIn Canada, companies are incorporated to get publicly listed on the Toronto Stock Exchange – TSX. Though they have to follow the rules of securities regulation agencies, they can then gain access to capital from investors who buy their stocks.

Check our data platform for the latest ranking of Canadian companies and TSX companies, and our blog roundup for top Canadian companies 2023.

The S&P / TSX Composite Index

To easily grasp the evolution of the Canadian economy and stock market, the stocks of about 230 companies are aggregated in the S&P / TSX Composite Index, which is widely recognized as the benchmark index of Canada. It represents around 70% of the total market capitalization on the Toronto Stock Exchange.

To be included, stocks of companies listed on the Toronto Stock Exchange must be trading above 1 C$ and represent at least 0.04% of the index by market capitalization. The S&P / TSX Composite is calculated as a capitalization-weighted index, where larger companies are weighted more heavily in the index.

For more information on the largest Canadian companies, download our TSX Composite companies Excel file containing the complete list of Canadian companies that constitute the S&P/TSX Composite index, together with extensive business, market, financial, and digital information on each company. For even more data on the largest Canadian companies, download our Excel files on the TSX SmallCap companies and combined TSX Composite + TSX SmallCap companies.

The S&P / TSX 60

For an easier evaluation and trading, based on a smaller subset of securities, the S&P / TSX 60 index represents leading Canadian companies in leading industries. Composed of 60 key Canadian stocks, the S&P / TSX 60 provides a simpler index for Canadian equity exposure with large market capitalization companies.

Evolution of the TSX composite index over 5 years
Evolution of the TSX composite index over 5 years (Image: Google Finance)

The real-time quotation of the TSX index can be followed with convenient graphical tools from a number of sources, including Google Finance, Yahoo Finance, Bloomberg, etc.

For more information on other world-leading companies, check our series of posts on Top Companies, and for more information on the country, read our articles on Top Business Resources for Canada.

List of the 30 largest companies of the TSX index by market capitalization

To help you learn more about the largest Canadian companies, the top 30 corporations in the TSX index have been listed hereafter. Each company is presented with details on its sector and industry, operations, market capitalization, a direct link to its website, logo, and stock symbol. Companies are ranked by market capitalization in Canadian Dollars as of the effective close of Friday, March 19, 2021.

Note that if you are searching for information on these companies to invest in their stocks, make sure you know what you are doing as your investment will be subject to significant risks with the evolution of stock prices. To learn more about investing in the stock market and managing your portfolio, check our post on the best online courses on stock investing and trading.

Shortcuts to each company

To facilitate your browsing in this long list, here are quick links to go directly to the details of any of the top 30 TSX companies. Be sure to also check the Top 10 Canadian companies’ summary after the list!

30. Fortis Inc.

Fortis Inc. logoSector: Utilities – Industry: Regulated Electric Utilities

Fortis Inc. is a diversified electric utility holding company. Originally separated from Newfoundland Light & Power Co., Fortis operates a number of regulated electric utility companies in Canada, the United States, Central America, and the Caribbean. Besides, Fortis is also involved through unregulated subsidiaries in hydropower generation in New York state and central Newfoundland and the supply of petroleum in the eastern United States.

Website: – Market Cap.: C$25 Billion – Stock ticker: FTS

29. CGI

CGI Group logoSector: Technology – Industry: Information Technology Services

CGI Group Inc., commonly known as CGI, is a multinational information technology company involved in consulting, systems integration, outsourcing, and other IT solutions across many industries and markets, and especially in financial services.

Website: – Market Cap.: C$25.9 Billion – Stock ticker: GIB.A

28. National Bank of Canada

National Bank of Canada logoSector: Financials – Industry: Diversified Banks

The National Bank of Canada is a large commercial bank in Canada, especially concentrated in the Quebec province. Expanding throughout the country, the National Bank of Canada is involved in personal and commercial banking, wealth management and financial markets; it also has a limited presence in the United States and international exposure.

Website: – Market Cap.: C$29.9 Billion – Stock ticker: nan

27. Franco-Nevada

Franco-Nevada logoSector: Basic Materials – Industry: Gold

Franco-Nevada Corporation is a mining company specializing in gold. It owns, acquires, and creates royalties and resource investments for gold mining, as well as other commodities and natural resource investments, including oil,  silver, and other precious metals.

Website: – Market Cap.: C$29.9 Billion – Stock ticker: FNV

26. Rogers

Rogers Communications logoSector: Communication Services – Industry: Telecom Services

Rogers Communications Inc. is a communications and media company. Evolved from a company founded in 1925, Rogers Communications is engaged in wireless communications, cable television, telephone, and Internet connectivity.

Website: – Market Cap.: C$30.2 Billion – Stock ticker: RCI.A / RCI.B

25. Great-West Lifeco

Great-West Lifeco logoSector: Financials – Industry: Life Insurance

Great-West Lifeco is a financial holding corporation primarily engaged in insurance in the USA and Canada, Europe, and Asia. It offers a range of insurance products through its subsidiaries, The Great-West Life Assurance Company, Great-West Life & Annuities Financial Inc. Great-West Lifeco is also involved in insurance and other financial operations through other subsidiaries, including and London Life and Putnam Investments.

Website: – Market Cap.: C$30.8 Billion – Stock ticker: GWO

24. Waste Connections

Waste Connections logoSector: Industrials – Industry: Waste Management

Waste Connections, Inc. is an integrated waste services company engaged in solid waste collection, transfer, disposal, and recycling services. With operations in both Canada and the United States, Waste Connections is one of the largest waste management companies in North America.

Website: – Market Cap.: C$33.7 Billion – Stock ticker: WCN

23. Telus

Telus logoSector: Communication Services – Industry: Telecom Services

Telus Corporation is a telecommunications company offering a range of products and services including internet access, voice, entertainment, healthcare, video, and IPTV television.

Website: – Market Cap.: C$33.8 Billion – Stock ticker: T

22. Magna

Magna International logoSector: Consumer Cyclical – Industry: Auto Parts

Magna International Inc. is one of the world’s largest automobile parts manufacturer and supplier. Providing its products to several of the world’s largest car manufacturers, Magna International regroups hundreds of manufacturing plants and tens of product development, engineering and sales centers across 29 countries.

Website: – Market Cap.: C$34.7 Billion – Stock ticker: MG

21. Constellation Software

Constellation Software logoSector: Technology – Industry: Software Application

Constellation Software is a software company. Having grown through the acquisition of a number of vertical market software companies and startups, Constellation Software now operates through different brands focusing on specific sectors, including agri-business, financial services, education, public sector, healthcare, hospitality, construction, and the industrial sector.

Website: – Market Cap.: C$36.1 Billion – Stock ticker: CSU

20. Sun Life

Sun Life logoSector: Financials – Industry: Diversified Insurance

Founded in 1865, Sun Life Financial Inc. is an insurance and financial services company. Primarily involved in life insurance, Sun Life is also operating in investment management in Canada, the United States, and in some countries of Asia.

Website: – Market Cap.: C$37.9 Billion – Stock ticker: SLF

19. Nutrien

Nutrien logoSector: Basic Materials – Industry: Agricultural Inputs

Nutrien is a fertilizer company producing and retailing potash, nitrogen and phosphate products for agricultural, industrial, and feed customers worldwide. It is the world’s largest producer of potash and the second-largest producer of nitrogen fertilizer.

Website: – Market Cap.: C$40.7 Billion – Stock ticker: NTR

18. Suncor Energy

Suncor Energy logoSector: Energy – Industry: Oil & Gas Integrated

Suncor Energy is an integrated multinational energy company specializing in the production of synthetic crude from oil sands. Founded in 1919, Suncor has become the world-leading producer of bitumen, also producing, refining, and retailing conventional oil, heavy crude oil, and natural gas.

Website: – Market Cap.: C$42.1 Billion – Stock ticker: SU

17. Couche-Tard

Alimentation Couche-Tard logoSector: Consumer Defensive – Industry: Grocery Stores

Alimentation Couche-Tard Inc., or more commonly Couche-Tard, is a convenience store operating company. With 15,000 stores across Canada, the United States, Europe, Mexico, Japan, China, and Indonesia, Couche-Tard primarily operates under its brands Couche-Tard, Mac’s, Circle K, On the Run, as well as with affiliated brands 7-jours, Dairy Mart, Daisy Mart, and Winks.

Website: – Market Cap.: C$43.1 Billion – Stock ticker: ATD.A / ATD.B

16. Canadian Natural

Canadian Natural Resources Limited logoSector: Energy – Industry: Oil & Gas Exploration & Production

Canadian Natural Resources Limited, also known as CNRL or Canadian Natural, is a company engaged in oil and gas exploration, development, and production. One of the world’s largest independent crude oil and natural gas producers, CNRL operated in the Western Canadian Sedimentary Basin, the North Sea, and offshore West Africa.

Website: – Market Cap.: C$44.7 Billion – Stock ticker: CNQ

15. Barrick Gold

Barrick Gold logoSector: Basic Materials – Industry: Gold

The largest gold mining company in the world, Barrick Gold Corporation is operating in Argentina, Australia, Canada, Chile, the Dominican Republic, Papua New Guinea, Peru, Saudi Arabia, the United States, and Zambia.

Website: – Market Cap.: C$46.5 Billion – Stock ticker: ABX

14. BCE

BCE logoSector: Communication Services – Industry: Telecom Services

BCE Inc., formerly Bell Canada Enterprises, is a telecommunications and mass media holding company for the Bell Canada corporate group. Besides its telecommunications and media arms, Bell Canada and Bell Media, BCE is also involved in sports with participation in the Montreal Canadiens ice hockey club and Maple Leaf Sports & Entertainment and owns several other local telecommunications companies.

Website: – Market Cap.: C$51.3 Billion – Stock ticker: BCE

13. Manulife

Manulife Financial Corporation logoSector: Financials – Industry: Life Insurance

Manulife Financial Corporation is a multinational insurance and financial services company. Operating in Canada and Asia as Manulife, the company primarily operates in the United States through its subsidiary, John Hancock Financial. Manulife Financial Corporation also fully owns the Manulife Bank of Canada.

Website: – Market Cap.: C$52.7 Billion – Stock ticker: MFC

12. Thomson Reuters

Thomson Reuters logoSector: Industrials – Industry: Consulting Services

Thomson Reuters Corporation is a multinational mass media and information company, majority-owned by The Woodbridge Company. Evolved from a company founded in 1934, Thomson Reuters has become a world-leading provider of news, information, and tools for professionals, operating in more than 100 countries.

Website: – Market Cap.: C$54.1 Billion – Stock ticker: TRI

11. TC Energy

TC Energy logoSector: Energy – Industry: Oil & Gas Midstream

TC Energy Corporation is an energy company operating natural gas and liquids pipelines and power generation plants. TC Energy’s gas pipelines, the company’s largest segment, transport more than 25% of North American natural gas demand, in Canada, the United States, and Mexico.

Website: – Market Cap.: C$56.6 Billion – Stock ticker: TRP

10. CIBC

Canadian Imperial Bank of Commerce logoSector: Financials – Industry: Diversified Banks

The Canadian Imperial Bank of Commerce, commonly known as CIBC, is one of the largest banks in Canada, involved in retail and business banking, wealth management, and capital markets. CIBC has developed operations in the United States, the Caribbean, Asia, and Europe.

Website: – Market Cap.: C$56.8 Billion – Stock ticker: CM

9. Canadian Pacific Railway

Canadian Pacific Railway logoSector: Industrials – Industry: Railroads

Founded in 1881, the Canadian Pacific Railway, also known as CP, is a railroad company owning about 20,000 kilometers (12,500 miles) of track across Canada and in the United States, also providing associated transportation services.

Website: – Market Cap.: C$63.2 Billion – Stock ticker: CP

8. BMO

Bank of Montreal logoSector: Financials – Industry: Diversified Banks

The oldest bank in Canada, founded in 1817, the Bank of Montreal is a banking and financial services corporation. Operating in commercial banking as BMO Bank of Montreal in Canada, the company is also engaged in the United States, especially in the Chicago area, where it operates as BMO Harris Bank. BMO also conducts activities of corporate banking and wealth management.

Website: – Market Cap.: C$72.2 Billion – Stock ticker: BMO

7. Brookfield

Brookfield Asset Management logoSector: Financials – Industry: Asset Management

Brookfield Asset Management Inc. is an alternative asset management company engaged in real estate, renewable power, infrastructure, and private equity. Beyond Canada, Brookfield Asset Management has also opened offices in New York City, London, Rio de Janeiro, and Sydney.

Website: – Market Cap.: C$85.5 Billion – Stock ticker: BAM.A

6. Enbridge

Enbridge logoSector: Energy – Industry: Oil & Gas Midstream

Enbridge Inc. is a multinational energy company focusing on the transportation, distribution, and generation of energy, primarily in Canada and the United States. Enbridge notably operates the longest crude oil and liquid hydrocarbons pipeline transportation system in North America and the largest natural gas distribution network, servicing Ontario, Quebec, New Brunswick, and New York State.

Website: – Market Cap.: C$91.9 Billion – Stock ticker: ENB

5. Scotiabank

Bank of Nova Scotia logoSector: Financials – Industry: Diversified Banks

Operating as Scotiabank, the Bank of Nova Scotia is a multinational bank. Founded in 1832, the Bank of Nova Scotia has become “the most international bank of Canada” through its acquisitions in more than fifty countries of Latin America and the Caribbean, Europe, and parts of Asia.

Website: – Market Cap.: C$95.5 Billion – Stock ticker: BNS

4. CN

Canadian National Railway Company logoSector: Industrials – Industry: Railroads

Canadian National Railway Corporation, more simply known as CN, is a freight railway company serving Canada and the Midwestern and Southern United States. Founded in 1919, CN has developed its network of freight transport for raw materials, intermediate and finished goods beyond the rail to trucking and shipping.

Website: – Market Cap.: C$104.1 Billion – Stock ticker: CNR

3. TD

Toronto-Dominion Bank logoSector: Financials – Industry: Diversified Banks

Operating as TD Bank Group, more commonly known as TD, the Toronto–Dominion Bank is a Canadian multinational banking and financial services company. Proceeding from the merger of two banks founded in the 19th century, TD Bank has become one of the largest banks in Canada, also very present in the Eastern United States.

Website: – Market Cap.: C$149.9 Billion – Stock ticker: TD

2. RBC

Royal Bank of Canada logoSector: Financials – Industry: Diversified Banks

The largest bank in Canada by market capitalization, the Royal Bank of Canada – RBC – is a multinational banking and financial services corporation. Founded in 1882, RBC is engaged in commercial banking, investment banking, and insurance throughout Canada; it has also developed branches in the United States as well as in seventeen Caribbean countries.

Website: – Market Cap.: C$166.1 Billion – Stock ticker: RY

1. Shopify

Shopify logoSector: Technology – Industry: Software Application

Shopify is an e-commerce company providing an e-commerce platform for online stores and retail point-of-sale systems. Founded in 2004, Shopify offers a range of services including payments, marketing, shipping, and customer engagement tools to more than 800,000 businesses in approximately 175 countries.

Website: – Market Cap.: C$171.8 Billion – Stock ticker: SHOP

Summary: Top 10 companies from Canada 2021

To give you a quick review of the largest companies in the TSX Composite index in 2021, here are the top 10 TSX companies by market capitalization as of March 19, 2021.

      1. Shopify – C$ 171.8 Billion
      2. RBC – C$ 166.1 Billion
      3. TD – C$ 149.9 Billion
      4. Canadian National – C$ 104.1 Billion
      5. Scotiabank – C$ 95.5 Billion
      6. Enbridge – C$ 91.9 Billion
      7. Brookfield – C$ 85.5 Billion
      8. BMO – C$ 72.2 Billion
      9. Canadian Pacific Railway – C$ 63.2 Billion
      10. CIBC – C$ 56.8 Billion

You will also find the top 10 in this synthesizing image that also regroups the information of each TSX Composite company with its industry. Remark that you can use this image to embed it on your website and other digital properties using the embed code below.

Top 10 companies from Canada 2021

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Here are the 30 largest public companies from Canada. Do you think they are worth their market capitalization? Are their stocks a good investment right now? Do they have too much economic power… and maybe political power too?

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