The Top Businesses in Toronto

Toronto, the capital city of Ontario, is a metropolis with a population of 2.93 million. The city is home to numerous attractions, including the iconic CN Tower and the Royal Ontario Museum. Toronto is also home to many major businesses. Below, you'll find information on some of the top businesses in Toronto.

The Royal Bank of Canada
The largest bank in all of Canada is headquartered in Toronto. The bank serves more than 16 million clients and has an annual revenue of approximately $34 billion. This bank is a major employer in the Toronto area, and it's also an employer outside of Toronto, with more than 40 total offices across the globe.

The bank was originally founded in 1864 and was once based in Halifax. However, as Toronto grew into the thriving city that it is today, the bank's headquarters were moved here. The RBC is on the Fortune Global 500 list and continues to grow with each passing year.

Shoppers Drug Mart
Shoppers is a major retail pharmacy chain with more than 1,300 operating stores. The company, which was founded by Murray Koffler in 1962, is headquartered in Toronto. While the company owns and operates Shoppers Drug Mart stores, they also operate other specialty services as well, such as e-commerce sites like Wellwise and Beauty Boutique.

While the company started with two Koffler's Drugs pharmacies, it has grown dramatically since then. Shoppers is a major employer in Toronto and throughout the rest of Canada. It provides jobs at both its corporate offices and its retail locations.

Canadian Tire
This retail company sells tires, automotive and hardware products, and a variety of other goods. Founded in 1922, the company owns a total of 1,686 retail locations, including 503 Canadian Tire stores. Canadian Tire also owns and operates other retail locations, such as Mark's stores, FGL Sports stores, and numerous gas stations.

In 2016, this company brought in a whopping $12.681 billion in revenue. The company has $15.303 billion in assets. Canadian Tire is famous in Canada for its Christmas ads, which feature Santa Claus arguing with Ebenezer Scrooge. While the company is nearly 100 years old, it continues to show growth.

Agnico Eagle Mines Limited
This gold producer is based in Toronto, but also has operations in the United States, Mexico, and Finland. The company was first founded in 1953 under the name Cobalt Consolidated Mining Company. This company brought in $2.875 billion in revenue in 2016 and has $9.556 billion in assets.

The company employs a total of 8,400 people, though not all of those employers work at their Toronto headquarters. The company collects gold from mines all across the world, including the LaRonde gold mine in Canada and the Pinos Altos in Northern Mexico.

While Toronto is home to many thriving companies, these are some of the top businesses in the city. Toronto has attracted many business owners, and it is likely that many companies will continue to open new operations in Toronto in the future. These businesses provide jobs to city residents and bring in extensive revenue.

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