Canada’s Top 10 Major Export Companies

Bombardier Learjet 60

Bombardier Learjet 60

Five large petroleum industry conglomerates are showcased on our list of Canada’s top 10 major product exporting companies. Similarly, three multinationals from the diversified metals and mining sector are included.

The following analysis compares Canada’s top 10 export businesses in terms of asset values, sales and profitability as of May 2017. The Canadian city where each conglomerate has its headquarters is also specified.

Canada’s Top 10 Major Export Companies


Below are Canada’s biggest export companies organized by asset value. Shown within parentheses is the primary industry in which each company operates. Also shown is the change in asset value as of May 2017 compared to 2016.

  1. Suncor Energy (oil, gas): US$66.1 billion, up 18.5% from 2016
  2. TransCanada (oil services, equipment): $65.7 billion, up 41.5%
  3. Enbridge (oil services, equipment): $64 billion up 4.9%
  4. Canadian Natural Resources (oil, gas): $44.9 billion, up 2.8%
  5. Valeant Pharmaceuticals (pharmaceuticals): $43.5 billion, down -11.2%
  6. Teck Resources (diversified metals & mining): $26.6 billion, up 6.3%
  7. Barrick Gold (diversified metals & mining): $25.3 billion, down -4%
  8. Husky Energy (oil, gas): $24.9 billion, up 1.2%
  9. Bombardier (aerospace, defense): $22.8 billion, down -0.3%
  10. Goldcorp (diversified metals & mining): $21.5 billion, up 0.5%

Oil equipment maker TransCanada posted the fastest increase in assets via its 41.5% gain from 2016. Other asset gains ranged from 0.5% for Goldcorp up to 18.5% for Suncor Energy.

Three of these large Canadian multinationals posted asset deteriorations: Bombardier (down -0.3%), Barrick Gold (down -4%) and Valeant Pharmaceuticals (down -11.2%).


Sales is the life blood of all business and is critical for firms that compete in fast-paced international trade. Only two of Canada’s largest export companies increased their year-over-year sales as of May 2017: Teck Resources (up 8%) and TransCanada (up 9.3%).

  1. Enbridge: US$26.1 billion, down -4.7% from 2016
  2. Suncor Energy: $20.2 billion, down -11.3%
  3. Bombardier: $16.3 billion, down -10.2%
  4. Husky Energy: $9.8 billion, down -23.6%
  5. Valeant Pharmaceuticals: $9.7 billion, down -7.9%
  6. TransCanada: $9.6 billion, up 9.3%
  7. Barrick Gold: $8.6 billion, down -5.9%
  8. Canadian Natural Resources: $7.9 billion, down -18.1%
  9. Teck Resources: $7 billion, up 8%
  10. Goldcorp: $3.5 billion, down -20%

Sales declines ranged from a -4.7% drop for energy conglomerate Enbridge up to -20% for Goldcorp and -23.6% for Husky Energy.


Six of the largest Canadian corporations actively engaged in exporting products transitioned from significant amounts of red ink in 2016 to black ink as of May 2017.

  1. Enbridge: US$1.6 billion, up 695.1% from 2016
  2. Teck Resources: $785 million, reversing a -$291.7 million loss
  3. Husky Energy: $695.9 million, reversing a -$3 billion loss
  4. Barrick Gold: $648.5 million, reversing a -$3 billion loss
  5. Suncor Energy: $327.6 million, reversing a -$1.6 billion loss
  6. TransCanada: $175.9 million, reversing a -$895.8 million loss
  7. Goldcorp: $166.9 million, reversing a -$4.4 billion loss
  8. Canadian Natural Resources: -$154 million, down -69.1%
  9. Bombardier: -$1 billion, down -81.6%
  10. Valeant Pharmaceuticals: -$2.4 billion, up 726.2%

Enbridge posted the strongest profitability gain via a 695.1% improvement from its $196.2 million profit in 2016.

Among the companies that endured losses in the two most recent years, Valeant Pharmaceuticals has the dubious distinction as achieving the greatest increase in back-to-back red ink via a 726.2% acceleration.


Six of the 10 largest Canadian export companies are based in Calgary, Alberta where unemployment is rising due to falling global oil prices. Two companies are headquartered in the province of Quebec, while the remaining two are in the west coast port city of Vancouver.

  1. Barrick Gold: Calgary, Alberta
  2. Bombardier: Montreal, Quebec
  3. Canadian Natural Resources: Calgary, Alberta
  4. Enbridge: Calgary, Alberta
  5. Goldcorp: Vancouver, BC
  6. Husky Energy: Calgary, Alberta
  7. Suncor Energy: Calgary, Alberta
  8. Teck Resources: Vancouver, BC
  9. TransCanada: Calgary, Alberta
  10. Valeant Pharmaceuticals: Laval, Quebec

Notably absent from the list is Canada’s most populous province, Ontario which is home to many large banks and other financial services providers.


Note some of the above company offerings may include products other than the principal category shown within parenthesis under the Assets tab.

For example, Bombardier not only manufactures aerospace products including business and commercial aircraft, but also has a transportation segment that designs and produces railway, subway and streetcar vehicles. Similarly, Valeant Pharmaceuticals makes not only drugs and medicines but also medical devices.

See also Canada’s Top 10 Exports, Highest Value Canadian Export Products, Canada’s Top Import Partners and Top Canadian Trade Balances

Research Sources:
Forbes 2017 Global 2000 individual company profiles, Example of top Canadian company compiled for this study: Enbridge. Accessed on January 22, 2018

Forbes 2017 Global 2000 rankings, The World’s Biggest Public Companies. Accessed on January 22, 2018

Trade Map, International Trade Centre. Accessed on July 11 2016

Wikipedia, List of companies of Canada. Accessed on January 22, 2018

Wikipedia, List of largest companies in Canada by profit. Accessed on January 22, 2018