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Top 10 Companies in Canada

Canada, the second-largest country in the world and is famous for its maple syrup as well as for Justine Trudo the president of Canada. Its economy mainly depends upon America and bring the 12th largest exporter countries in the world, there are some top biggest Canadian companies running the major wheels of the Canadian economy. Here we have gathered the top 10 biggest Canadian companies you should know about.

Top 10 Companies in Canada – Biggest in Market Capital

1. Royal Bank of Canada

It is 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. Having 80,000 clients, it has developed branches in the United States as well as in seventeen Caribbean countries. Its market capitalization is  C$ 156 Billion.

2. Toronto-Dominion Bank

Toronto Dominion Bank is operating as TD Bank Group, more commonly known as TD. The Toronto–Dominion Bank is a Canadian multinational banking and financial services company headquartered in Toronto. After 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. Today it has market Capitalization of C$ 131 Billion.

3. Enbridge

A multinational energy company focusing on the transportation, distribution, and generation of energy. It was named to the Thomson Reuters Top 100 Global Energy Leaders in 2018. Enbridge primarily operating their business 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. It’s Market Capital is around C$ 87.7 Billion.

4. Canadian National Railway Company

Established in 1919, Canadian National Railway Corporation is the backbone of the Canadian Economy, more simply known as CN. CN is a freight railway company serving Canada and the Midwestern and Southern United States. This company has made approximately 24,000 railroaders transportation which worth more than C$250 billion annually. CN has successfully developed its network of freight transport for raw materials, intermediate and finished goods beyond the rail to trucking and shipping. Today, it has a Market Capital of around C$ 85.8 Billion.

5. Bank of Nova Scotia

Founded in 1832, Bank of Nova Scotia is one of the most successful multinational banks in Canada. It has opened branches in more than fifty countries such as Latin America and the Caribbean, Europe and parts of Asia. Having more than 100,000 employees and assets of over $1 trillion, it trades on the Toronto Stock Exchange and New York Stock Exchange Today, Nova Scotia has a Market Capital of around C$ 81.8 Billion.

6. Brookfield Asset Management

Brookfield Asset Management Inc. is an alternative asset management company engaged in real estate, renewable power, infrastructure, and private equity. It has 2000 assets across 30 countries and 5 continents. Brookfield Asset Management has also opened offices besides Canada, in New York City, London, Rio de Janeiro and Sydney. Today BAM has approx Market Capital of C$ 66.9 Billion.

7. TC Energy

TC Energy Corporation is an energy company that transports more than 25% of North American natural gas demand, in Canada, the United States, and Mexico. For more than 65 years, TC Energy is operating natural gas and liquids pipelines and power generation plants. TC Energy’s gas pipelines are the company’s largest segment of operation. Today, TCE’s  Market Capital is around C$ 59.7 Billion.

8. Bank of Montreal

Bank of Montreal is the oldest financial institution in Canada and founded in 1817. This bank is operating its commercial banking as the 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 in Canada. Today, BMO’s  Market Capital is around C$ 58.8 Billion.

9. Suncor Energy

Suncor Energy is a multinational energy company. This company is specialized in producing synthetic crude from oil sands. It founded in 1919 and today it is the world-leading producer of bitumen, also producing, refining and retailing conventional oil, heavy crude oil, and natural gas. Today, suncor.com has a Market Capital of around C$ 57.7 Billion.

10. Shopify

Shopify, founded in 2004, is an e-commerce platform which offers services like digital marketing, online payment, shipping and customer engagement tools to its customer. It has successfully served around 800,000 businesses around the world. It made starting an eCommerce business so easy that you just need a great product and the rest will be done through Shopify easily. Today, shopify.com – Market Capital is around C$ 57.2 Billion

Note: These are not Official Ranking From Any Established Authority. Business Haunt Picked Them Randomly and Placed on the Base of Popularity and Internet Source.

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Business Stories

4th Industrial Revolution and Business

In course of time, the world has experienced three undeniably incredible industrial revolutions. The first industrial revolution started with the invention of the steam engine in the 18th century which led production to be mechanized for the very first time. In the second industrial revolution, the power of electricity was used for mass production. The third one that remarkably changed the world was based on digital electrical and electronic tools and information technology. And now we are moving through the earliest hour of the fourth industrial revolution, a phrase first introduced by Klaus Schwab- Founder and Executive Chairman, World Economic Forum.

Industry 4.0

The fourth industrial revolution is also known as Industry 4.0 or 4IR is an expanded form of the third one, a digital revolution. Artificial intelligence- the core component of 4IR has shown noteworthy progress in the recent decade and near-future modern technology is going to be enriched by robotics, the Internet of Things, autonomous vehicles, 3-D printing, nanotechnology, biotechnology, materials science, energy storage, and quantum computing. Meaning, that fourth is going to make a fusion of technologies to blur the lines among the physical, biological, and digital innovations.

As a crucial part of the fourth industrial revolution, massive technological development is going to make a huge improvement in the overall quality of human life. We have already seen digitalization in nearly all the fields around. And now in this 4IR era, digital technology is going to merge with human life to a large extend. People would be able to utilize their time and their efforts more efficiently and productivity will rise globally. The cost of transportation, communication, and trade will fall, logistics and global supply chains will become more effective which is going to open a new horizon in economic growth.

On the other hand, the revolution could be the cause of greater inequality and also disrupt the labor markets. Because of the large extent of automation machines are going to displace the workers which is a serious threat to the labor market. A huge number of workers would possibly lose their job. In near future, not just capital rather talent will represent the critical factor of production. This concept will boost the job market to be a “low-skill/low-pay” and “high-skill/high-pay” segment. Already most of the developed countries and even some under developing countries are showing interest in highly skilled workers rather than less educated and lower-skilled workers.

The impact on business

Like in all other spheres, the coming Fourth Industrial Revolution is significantly having a major impact on businesses. When it’s about business, A lot of industries are being introduced with automation and the newest technologies in the production and supply of their products and services. Production is getting easier, safer, time-saving and the quality of products is also enhancing because of automation and wide use of innovation-based digital technologies. Besides the revolution is making the global business platform more accessible.

People are experiencing entirely new ways of consuming goods and services. The online service system of the companies saving our hours and energy also. We are shopping online, ordering foods online, booking tickets online, and so on. Now we don’t even need to go to the market for groceries or other daily necessaries. All these are coming to our doorsteps because of technological development in the business field. Lately, many companies are using drones to get their product delivered to the consumers faster than ever and at the same time lowering their delivery cost. That is digital technology is turning the business fields more consumer-friendly and helping the companies both to meet their consumer expectation and to decrease their supply cost.

Overall there are four major effects that the Fourth Industrial Revolution has on business –

  1. On customer expectations
  2. On product enhancement
  3. On collaborative innovation
  4. And on organizational forms.

A new form of collaboration is required among customer Experience, data-based services. As the global business platforms are emerging, skills, cultural varieties, work environment, and organizational forms might have to be reconsidered.

Finally, the fourth industrial revolution is compelling the companies to embrace the combination of innovation-based technologies to sustain properly. To keep pace with this revolutionary age business leaders and senior executives need to be able to adapt to the changing environment, accordingly improving the way of business, and relentlessly and continuously innovate.

Written By ,
S M Salman
Student
Department of Business Administration
Mawlana Bhashani Science and Technology University

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Top 10 Global

Top 10 clothing stores in the world

Who does not like to be a part of fashion? Human minds click when they hear the name of their favorite brands. We always admire the fashion sense that the world-famous brands prepare and attract the fashion craving souls. Here, we present to you the list of top 10 clothing brands from all over the world.

1. Nike

Nike is an American multinational corporation which is operating business worldwide. It was founded by Bill Bowerman and Phil Knight in January 25, 1964. But at that time is was known as Blue Ribbon Sports. Later, on May 30, 1971 is was named Nike, Inc. It’s headquarter is in Beaverton, Oregon, U.S. Nike manufactures different varieties of products like Athletic footwear and Apparel, Athletic and recreational products and Sports equipment. Almost 75,400 employees are working in this multinational corporation.

Total Value of the company (2020): $34,794 Million
Website: https://www.nike.com/

2. Gucci

Gucci is a worldwide known luxury brand of fashion house. It was founded on 1921 by Guccio Gucci. But it became famous under the direction of Aldo Gucci, who was the son of Guccio Gucci. The brand was named after the Gucci family. But because of family feuds it was lost and later revived by Pinault Printemps Redoute in 1999. It’s headquarter is in Florence, Tuscany, Italy.  Gucci manufactures different varieties of products including handbags, shoes, accessories, jewelry, watches, makeup, fragrances and home decoration. Almost 17,157 employees are working in this luxury fashion brand.

Total Value of the company (2020): $17,630 Million
Website: https://www.gucci.com/

3. Adidas

Adidas is aGerman Multinational Corporation that is known all over the world as a fashion house that designs and manufactures shoes, clothes and accessories. This company was founded in July, 1924 by Adolf Dassler. It’s headquarter is in Harzogenaurach, Germany. Adidas manufactures and sells apparel, footwear, sportswear, sports equipment and toiletries worldwide. Almost 50,017 employees are working in this corporation.

Total Value of the company (2020): $16,481 Million
Website: https://www.adidas.com/us/

4. Louis Vuitton

Louis Vuitton is a French fashion house and luxury goods manufacturing company which is very popular among the people of the world as the most valuable luxury fashion brand. It was founded in 1854 by Louis Vuitton. It’s headquarter is in Paris, France. Louis Vuitton manufactures luxury trunks, leather goods, shoes, watches, jewelry, accessories, sunglasses and books also. Almost 1,21,289 employees are working for this company.

Total value of the company (2020): $16,481 Million
Website: https://www.louisvuitton.com/

5. Cartier

Cartier is a French luxury jewelry manufacturing and watchmaking fashion industry which is known as the most prestigious jewelry manufacturer worldwide. Cartier is a subsidiary of Richemont. It was founded in 1847 by Louis-François Cartier. It’s headquarter is in Paris, France. This company designs, manufactures, distributes and sells jewelry and watches. Almost 5,870 employees are working for this company.

Total value of the company (2020): $15,015 Million
Website: http://cartier.com/

6. Zara

Zara is a Spanish apparel retail company which is known as the world’s largest apparel retail company. It was founded on 1975 by Amancio Ortega. It’s headquarter is in Spain. This company specializes in fast fashion. They manufactures clothing, accessories, shoes, swimwear, beauty products and perfumes. Almost 12,405 employees are working for this company.

Total value of the company (2020): $14582 Million
Website: http://zara.com/

7. H&M

Hennes & Mauritz in short H&M is a Swedish multinational clothing retail, popular among people of all ages and gender. It was founded by Erling Persson in 1947. It’s headquarter is in Stockholm, Sweden. This company also specializes in fast fashion. They retail clothing and accessories. Almost 1,26,376 employees are working for this multinational company.

Total value of the company (2020): $13,860 Million 
Website: https://www.hm.com/

8. Chanel:

Chanel is a French luxury fashion brand that is known worldwide as a high fashion, clothing, luxury goods and accessories selling brand. It was founded by Coco Chanel in 1909. Chanel is operating through two headquarters. One is in Neuilly-sur-Seine, France and another is in London, United Kingdom. This company specializes in Haute Couture (or to simply explain they sell products that are made of high quality expensive raw materials, high fashion and custom made) , Ready-to-wear clothing, accessories, jewelry and perfume. Almost 20,000 employees are working for this company.

Total value of the company (2020): $13860 Million.
Website: http://chanel.com/

9. Uniqlo

Uniqlo is a Japanese wholly owned subsidiary fashion retailing company that is operating with 2249 stores worldwide. It was founded by Tadashi Yanai in 1949. It’s headquarter is in Tokyo, Japan. They specializes in retail clothing. Almost 44,424 employees are working for this company.

Total value of the company (2020): $12,878 Million
Website: http://www.uniqlo.com/

10. Hermès

Hermès is a French high fashion luxury goods manufacturing company known worldwide as one of the world’s most valuable brands. It was founded by Thierry Hermès in 1837. It’s headquarter is in Paris, France. This company specializes in high fashion clothing, accessories, leather, home furnishings, perfume, jewelry and watches. Almost 14,284 employees are working for this company.

Total value of the company (2020): $11,909 Million
Website: https://www.hermes.com/

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Mustari Rahman Ritu
Designation: Chief Coordinator
Email: mustarirahman.ritu@gmail.com
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