In recent years, many large Canadian corporations have expanded their businesses into the global markets. These moves are not only to diversify their operations from their core domestic market, but also to expand and pursue new growth opportunities that are more promising in some key strategic countries.

Investors always want to gain exposure to high-growth markets such as emerging countries like Southeast Asia, China, South America, etc. However, due to the language barrier, different rules of law and capital markets regulations, as well as the tax postures and currency risks. Consequently, investors tend to stay away from owning equities in such markets as the potential rewards may not be attractive enough to justify the risks and “headaches”.

As a result of globalization, investors do not need to look for the next “Shopify” of the European market as the company expands into the region itself. Over time, owning these global businesses could be a decent and potentially “safer” way to capture the growth opportunities from the international market.

Here is the list of the top 10 Canadian companies with the most globally diverse business operations, based on their international reach, multinational presence, and diversified global revenue streams, along with a ranking of these names based on total profitability. These companies have already developed their businesses into well-established, profitable, diversified, global enterprises.

1.   Royal Bank of Canada (RY): Canada's largest bank, with significant business in the U.S. and Caribbean, and presence in 29 countries. RY provides a broad range of financial products, including personal and commercial banking, wealth management, insurance, capital markets, etc. For the most recent fiscal year ended October 31, 2024, the contribution from each market is as follows: Canada (62.5%), the U.S (26.2%), and Other countries (11.3%).

2.   Toronto-Dominion Bank (TD): A major Canadian bank with a corporate presence worldwide. TD possesses a large U.S. retail banking arm, wholesale banking, as well as personal and commercial banking business. For the most recent fiscal year ended October 31, 2024, TD has a global presence with contributions from each market as follows: Canada (54.8%), the U.S (38.6%), and Other international (6.6%).

3.   Enbridge (ENB): One of North America's largest energy infrastructure companies, it owns pipelines and energy assets in Canada and the U.S., and has growing renewable energy projects in Europe. ENB owns a portfolio of highly critical, irreplaceable infrastructure assets in the energy sector. For the most recent fiscal year ended December 31, 2024, total revenues were generated from each market as follows: Canada (41.1%), the U.S (58.9%).

4.   Brookfield Corporation (BN): Canada’s largest asset manager with operations in various industries, including infrastructure, real estate, renewable energy, and private equity investments, with assets and offices across North America, South America, Europe, Asia-Pacific, and the Middle East. For the most recent fiscal year ended December 31, 2024, the contributions from each market to the total topline were as follows: the U.S (30.3%), the U.K. (18.2%), Canada (10.3%), Australia (7.7%), and other countries (Brazil, India, Germany, etc., accounting for the remaining 33.5%).

5.   Suncor Energy (SU): Canada’s leading integrated energy company with operations including offshore oil and gas, petroleum refining, and retail in Canada and the U.S. The company owns some of the industry’s low-cost asset bases with a track record of shareholder-friendly policies. For the most recent fiscal year ended December 31, 2024, total revenues were generated from each market as follows: Canada (84.1%), the U.S (15.1%), and other countries (0.8%).

6.   Great-West Lifeco (GWO): An international insurance and financial services group with operations and brands in Canada, the U.S., Europe (Irish Life, Empower), and Asia. The company possesses a decent track record of growing and paying dividends consistently across the economic cycle. For the most recent fiscal year ended December 31, 2024, total revenues were generated from each market as follows: Canada (45.4%), the U.S (22.5%), Europe (19.7%) and other countries (12.4%).

7.   Power Corporation of Canada (POW): A global management and holding company with substantial insurance, retirement, and asset management businesses in North America, Europe, and Asia. Another consistent dividend grower with diversified earnings streams. For the most recent fiscal year ended December 31, 2024, total revenues were generated from each market as follows: Canada (45.9%), the U.S (26.4%), and Europe and other countries (27.7%).

8.   Alimentation Couche-Tard (ATD): The parent company of convenience store chains like Circle K, Couche-Tard, Holiday and Ingo. The company runs over 16,000 convenience stores in North America, Europe (including Scandinavia and the Baltics), and Asia. ATD is one of the best compounders in the Canadian market over the last 30 years. For the most recent fiscal year ended April 27, 2025, total revenues were generated from each market as follows: the U.S (57.1%), Europe and other regions (31.9%) and Canada (11.0%),

9.   Shopify (SHOP): A global e-commerce platform serving merchants in more than 175 countries, making it one of Canada’s most internationally focused tech firms. SHOP is one of the most successful, widely recognized companies with strong organic growth in the Canadian technology landscape over the last decade. For the most recent fiscal year ended December 31, 2024, total revenues were generated from each market as follows: the U.S (64%), Europe, the Middle East and Africa (EMEA, 19%), Asia–Pacific (APAC, 10%), Canada (6%%), and Latin America (1%).

10. Magna International (MG): Canada’s largest auto parts manufacturer, supplying major carmakers and operating over 340 manufacturing operations and 90 development centers in 28 countries. The company is one of the most efficient operators in the industry, but currently faces challenges caused by tariffs. For the most recent fiscal year ended December 31, 2024, total revenues were generated from each market as follows: North America (the U.S, Mexico, Canada, accounting for 48.1%), Europe (Germany, Austria, Czech Republic, accounting for 36.5%), Asia–Pacific (China, India, etc., accounting for 15.4%).

Overall, these are highly successful, well-established corporations with diversified global operations. Investing in a basket of these enterprises provides investors the opportunities to capture growth from high-growth emerging markets, but at the same time limits risks. We think investors can sleep comfortably at night owning a basket of high-quality businesses.

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Disclosure: The analyst(s) responsible for this report do not have a financial or other interest in the securities mentioned.