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2874 companies · fiscal year 2025 · SEC EDGAR · September 25, 2026

Largest companies in Canada by total assets

Total assets is everything the company owns at the balance-sheet date. Banks and insurers dominate this measure because customer deposits and policy reserves sit on their balance sheets. Figures are for fiscal year 2025 and are read directly from each company's SEC filings; the source column on every row links to the document.

Ranks 1–98 of 98 · Fiscal year 2025 · Data as of September 25, 2026

Royal Bank of Canada (RY) tops the list with $1.71T in total assets for fiscal 2025, ahead of Toronto Dominion Bank ($1.53T) and Bank of Nova Scotia ($1.08T). The top 10 together report $8.02T in total assets; the gap between #1 and #10 is ×19.73. 98 companies in Canada report total assets, 3.5% of the 2836-filer universe. The last place on the list, Dirtt Environmental Solutions, comes in at $103M.

Total assets
#CompanyTotal assetsYoY15-year trend
1Royal Bank of CanadaRYCAFinancials$1.71T+12.3%
2Toronto Dominion BankTDCAFinancials$1.53T+5.4%
3Bank of Nova ScotiaBNSCAFinancials$1.08T+7.8%
4Bank of MontrealBMOCAFinancials$1.06T+4.4%
5Canadian Imperial Bank of CommerceCMCAFinancials$827B+10.0%
6Manulife FinancialMFCCAFinancials$749B+10.1%
7BrookfieldBNCAReal estate$519B+5.8%
8Sun Life FinancialSLFCAFinancials$291B+12.9%
9EnbridgeENBCAEnergy$160B+4.8%
10TC EnergyTRPCAUtilities$86.7B+5.5%
11Canadian Natural ResourcesCNQCAEnergy$67.1B+13.1%
12Rogers CommunicationsRCICACommunication services$65.7B+32.5%
13Suncor EnergySUCAEnergy$65.7B+5.2%
14Canadian Pacific Kansas CityCPCAIndustrials$62.8B+2.9%
15BceBCECACommunication services$58.5B+14.6%
16FortisFTSCAUtilities$54.7B+7.0%
17NutrienNTRCAMaterials$52.3B+0.9%
18Barrick MiningBCAMaterials$51.6B+8.3%
19Cenovus EnergyCVECAEnergy$46.3B+17.9%
20TelusTUCACommunication services$43.5B+8.0%
21Canadian National RailwayCNICAIndustrials$42.8B+7.8%
22Agnico Eagle MinesAEMCAMaterials$34.5B+15.0%
23Teck ResourcesTECKCAMaterials$33.2B+1.5%
24EmeraEMACAUtilities$32.7B+9.7%
25Magna InternationalMGACAConsumer discretionary$31.4B+1.2%
26Imperial OilIMOCAEnergy$30.9B+3.5%
27Hydro OneHRNNFCAUtilities$29.0B+13.6%
28Bausch Health CompaniesBHCCAHealthcare$26.4B−0.6%
29Pembina PipelinePBACAEnergy$26.0B+3.9%
30Waste ConnectionsWCNCAUtilities$21.1B+6.6%
31Thomson ReutersTRICACommunication services$17.9B−2.7%
32ShopifySHOPCATechnology$15.2B+9.1%
33Canadian SolarCSIQCATechnology$15.2B+12.3%
34Algonquin Power & UtilitiesAQNCAUtilities$14.1B−16.7%
35Bausch & LombBLCOCAHealthcare$14.0B+4.1%
36Open TextOTEXCATechnology$13.6B−1.2%
37Kinross GoldKGCCAMaterials$12.4B+14.2%
38RB GlobalRBACATechnology$12.1B+2.8%
39South BowSOBOCAEnergy$11.2B−1.2%
40Equinox GoldEQXCAMaterials$10.5B+56.9%
41Gildan ActivewearGILCAConsumer discretionary$10.5B+181.7%
42Pan American SilverPAASCAMaterials$9.7B+35.2%
43Wheaton Precious MetalsWPMCAMaterials$9.1B+22.9%
44Lululemon AthleticaLULUCAConsumer discretionary$8.5B+11.2%
45Franco NevadaFNVCAMaterials$8.2B+30.2%
46West Fraser TimberWFGCAIndustrials$7.6B−13.0%
47CamecoCCJCAMaterials$7.5B+9.3%
48Tfi InternationalTFIICAIndustrials$7.5B+4.8%
49MethanexMEOHCAMaterials$7.3B+10.4%
50CelesticaCLSCATechnology$7.2B+20.5%
51Colliers InternationalCIGICAReal estate$6.8B+11.3%
52Eldorado GoldEGOCAMaterials$6.7B+15.3%
53Alamos GoldAGICAMaterials$6.4B+19.6%
54TransaltaTACCAUtilities$6.3B−4.2%
55Hudbay MineralsHBMCAMaterials$6.2B+13.4%
56IamgoldIAGCAMaterials$5.9B+8.9%
57StantecSTNCAIndustrials$5.8B+20.2%
58Lionsgate StudiosLIONCACommunication services$5.2B—
59TelesatTSATCACommunication services$4.8B−0.1%
60First Majestic SilverAGCAMaterials$4.7B+137.1%
61BRPDOOCAIndustrials$4.6B+5.6%
62FirstserviceFSVCAReal estate$4.3B+2.1%
63Vermilion EnergyVETCAEnergy$4.3B−9.7%
64Boyd Group ServicesBGSICAConsumer discretionary$3.9B+56.6%
65EnerflexEFXTCAIndustrials$2.7B−3.5%
66Aris MiningARISCAMaterials$2.5B+25.7%
67Baytex EnergyBTECAEnergy$2.4B−54.7%
68Fortuna MiningFSMCAMaterials$2.4B+11.6%
69Allied GoldAAUCCAMaterials$2.1B+60.9%
70Triple Flag Precious MetalsTFPMCAFinancials$2.1B+19.4%
71Mercer InternationalMERCCAMaterials$2.0B−9.8%
72Precision DrillingPDSCAEnergy$2.0B−3.1%
73Ero CopperEROCAMaterials$1.9B+32.0%
74Descartes SystemsDSGXCATechnology$1.9B+15.1%
75Trekor MetalsTGBCAMaterials$1.8B+18.4%
76Gran Tierra EnergyGTECAEnergy$1.6B−4.2%
77Or RoyaltiesORCAMaterials$1.6B+13.7%
78Algoma SteelASTLCAMaterials$1.5B−30.2%
79Obsidian EnergyOBECAEnergy$1.4B−7.8%
80North American ConstructionNOACAEnergy$1.3B+12.9%
81Endeavour SilverEXKCAMaterials$1.2B+71.8%
82BlackberryBBCATechnology$1.2B−6.9%
83Cronos GroupCRONCAHealthcare$1.2B+2.6%
84SNDLSNDLCAHealthcare$976M+4.0%
85Greenfire ResourcesGFRCAEnergy$939M+7.4%
86ImaxIMAXCAConsumer discretionary$894M+7.7%
87McewenMUXCAMaterials$820M+23.4%
88Canopy GrowthCGCCAHealthcare$808M−0.2%
89Aurinia PharmaceuticalsAUPHCAHealthcare$752M+36.5%
90TucowsTCXCATechnology$731M−3.7%
91Hive Digital TechnologiesHIVECAFinancials$624M—
92Galiano GoldGAUCAMaterials$599M+19.7%
93TerrascendTSNDFCAConsumer staples$557M−8.2%
94SprottSIICAFinancials$526M+35.2%
95Integra ResourcesITRGCAMaterials$311M+31.3%
96Ianthus CapitalITHUFCAConsumer staples$256M−5.6%
97DoceboDCBOCATechnology$207M+8.4%
98Dirtt Environmental SolutionsDRTTFCATechnology$103M−13.3%

All figures from SEC filings · FY2025 · 98

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<p style="max-width:680px;font:13px system-ui,sans-serif">Source: <a href="https://companiesranked.com/en/largest-companies-in-canada-by-total-assets">Largest companies in Canada by total assets</a> — CompaniesRanked, compiled from SEC EDGAR filings</p>

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{{cite web |title=Largest companies in Canada by total assets |url=https://companiesranked.com/en/largest-companies-in-canada-by-total-assets |website=CompaniesRanked |date=2026-09-25 |language=en}}

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CompaniesRanked. (September 25, 2026). Largest companies in Canada by total assets. CompaniesRanked. https://companiesranked.com/en/largest-companies-in-canada-by-total-assets

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@misc{companiesranked-en-largest-companies-in-canada-by-total-assets-2026,
  author       = {{CompaniesRanked}},
  title        = {{Largest companies in Canada by total assets}},
  year         = {2026},
  howpublished = {\url{https://companiesranked.com/en/largest-companies-in-canada-by-total-assets}},
  note         = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
  urldate      = {2026-09-25}
}

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