Canada is one of the largest and wealthiest economies of the world. The Canadian economy is dominated by the Service industry, in which 3/4th of Canadians are employed. Other key industries driving this economy are manufacturing, energy and agriculture. Here is a rank-wise list of the top 10 Canadian companies in 2014 based on their profits.
10. Brookfield Asset Management
Brookfield Asset Management is a global asset management firm headquartered in Toronto, Ontario and New York City, US. The company manages over $183 billion in real assets, focusing on asset classes such as property, infrastructure, renewable energy and private equity. It employs 28,000 people in over 100 offices in 20 countries in North America, South America, Australasia and Europe.
The company manages a highly diversified portfolio of assets, which includes alternative-type investments, traditional fixed income, structured financial products and equities and finite-risk reinsurance. It has $25 billion worth of assets invested and being managed in Canada, $113 billion in the United States, $16 billion in Australia and Asia, $21 billion in South America and $9 billion in the United Kingdom, Western Europe and the Middle East. In August 2013, Brookfield Property Partners, one of the company’s subsidiaries, completed a $1.1 billion acquisition of Industrial Developments International, an Atlanta-based owner of distribution facilities.