The Financial Sector in Canada and traded on the TSX is one of the biggest sectors in the nation.
This sector is composed of multiple banks, insurance companies, investment managers, & mortgage loan companies. The banking sector is comprised primarily of the so-called Big-Five Canadian banks. They make up the top five financial corporations on the list below. These five companies are some of the biggest in Canada and make their money from a wide variety of investment activities from credit card loans to mortgages to bank fees. Many individuals consider these banks to be some of the safest Canadian stock investments available.
Some of the larger insurers (Manulife and Great-west life co) are also mainstays in most Canadian portfolios. Financial investment houses like Sun Life are large holders of stocks on the behalf of individual Canadian investors.
If you are interested in investing in this sector there are a number of ways to go about it - ETFs that track the Canadian financial sector. If you want less exposure to volatility, many of these financials - especially the large banks - offer multiple offerings of preferred shares to invest in.
The big five banks are 5 of the biggest corporations in the country and run a virtual banking monopoly some have suggested. Their combined market cap is enormous and their profits robust.
Another very large portion of this sector is insurance, investment management, equity, ratings agencies, the Toronto Stock Exchange itself, investment bankers, mortgage lenders, credit unions and more.
If you are looking to invest in these stocks using various metrics - price to book, price to earnings and other valuation methods, there are many different tools available to you. Some have suggested that there is a credit bubble in Canada and this perhaps should be considered when investing in this sector. One need only to look south when trying to determine the effects of such a bubble.
Below is a complete list of Financial sector stocks traded on the Toronto Stock Exchange in Canada.
List of Financials on the TSX by market cap
Below we have a table of the financial corporations traded as stock on the TSX listed by the size of the company. Most have high liquidity on the TSX and can be traded actively by astute Canadian investors. The list was last update Aug 2010.
Name of STock | Symbol | Market Cap in Millions |
Royal Bank of Canada | RY | 76979.39 |
Toronto-Dominion Bank | TD | 64271.26 |
Bank of Nova Scotia | BNS | 54306.86 |
Bank of Montreal | BMO | 34940.67 |
Canadian Imperial Bank Of Commerce | CM | 29223.15 |
Manulife Financial Corporation | MFC | 28942.83 |
Great-West Lifeco Inc. | GWO | 24289.21 |
Power Financial Corporation | PWF | 21450.61 |
Sun Life Financial Inc. | SLF | 17568.45 |
Power Corporation Of Canada | POW | 12604.23 |
National Bank of Canada | NA | 9926.03 |
IGM Financial Inc. | IGM | 9886.51 |
Fairfax Financial Holdings Limited | FFH | 8220.89 |
Intact Financial Corporation | IFC | 5164.06 |
CI Financial Corp | CIX | 5153.68 |
Industrial Alliance Insurance and Financial Services Inc. | IAG | 3318.28 |
ONEX Corporation | OCX | 3072.14 |
Genworth MI Canada Inc. | MIC | 2719.06 |
TMX Group Inc./Groupe TMX Inc. | X | 2065.84 |
E-L Financial Corporation Limited | ELF | 1982.47 |
Canadian Western Bank | CWB | 1799.49 |
DundeeWealth Inc. | DW | 1791.63 |
Home Capital Group Inc. | HCG | 1464.55 |
Labrador Iron Ore Royalty Income Fund | LIF | 1369.92 |
AGF Management Limited | AGF | 1278.03 |
Laurentian Bank Of Canada | LB | 1200.42 |
Dundee Corporation | DC | 1157.71 |
BAM Investments Corp. | BNB | 871.33 |
Canaccord Financial Inc | CF | 772.87 |
GMP Capital Inc | GMP | 680.24 |
HSBC Bank Canada | HSB | 571.14 |
United Corporations Limited | UNC | 568.30 |
Sprott Inc. | SII | 537.00 |
Canadian General Investments Limited | CGI | 468.27 |
Equitable Group Inc. | ETC | 377.42 |
Aberdeen Asia-Pacific Income Investment Company Ltd. | FAP | 328.02 |
Guardian Capital Group Limited | GCG | 282.80 |
Gluskin Sheff + Associates Inc. | GS | 260.60 |
Exchange Income Corporation | EIF | 240.62 |
Western Financial Group Inc. | WES | 237.85 |
First National Financial Income Fund | FN | 215.45 |
Quest Capital Corp. | QC | 209.29 |
Co-operators General Insurance Company | CCS | 202.20 |
Clairvest Group Inc. | CVG | 198.94 |
Senvest Capital Inc. | SEC | 197.91 |
MCAN Mortgage Corporation | MKP | 185.30 |
Cymbria Corporation | CYB | 171.40 |
Great-West Life Assurance Company | GWL | 157.28 |
Pinetree Capital Ltd. | PNP | 157.19 |
Canada Life Financial Corporation | CL | 152.34 |
Pacific & Western Credit Corp. | PWC | 144.04 |
DirectCash Income Fund | DCI | 133.42 |
Urbana Corporation | URB | 123.52 |
Alaris Royalty Corp. | AD | 123.34 |
Tricon Capital Group Inc | TCN | 98.50 |
Carfinco Income Fund | CFN | 97.07 |
EGI Financial Holdings Inc. | EFH | 96.38 |
Kingsway Financial Services Inc. | KFS | 95.34 |
HOMEQ Corporation | HEQ | 93.65 |
Sceptre Investment Counsel Limited | SZ | 92.41 |
Jovian Capital Corporation | JOV | 73.20 |
Accord Financial Corp. | ACD | 58.81 |
Kingsway International Holdings Limited | KIH | 52.22 |
Grey Horse Corporation | GHC | 42.61 |
C.A. Bancorp Inc. | BKP | 40.11 |
Xceed Mortgage Corporation | XMC | 33.00 |
Aberdeen International Inc. | AAB | 31.50 |
Pacrim International Capital Inc. | PCN | 30.75 |
World Energy Solutions Inc. | XWE | 27.32 |
Matrix Asset Management Inc | MTA | 26.80 |
Canadian World Fund Limited | CWF | 22.72 |
Harmony Asset Limited | HAR | 19.53 |
Integrated Asset Management Corp. | IAM | 15.85 |
Middlefield Bancorp Limited | MBN | 10.23 |
Resinco Capital Partners Inc | RIN | 8.47 |
Jaguar Financial Corporation | JFC | 7.97 |
Northern Financial Corporation | NFC | 3.32 |
We are in the process of accesing market data for our cherished users. This will help us to give you real time statistics on these stocks such as fundamental data like : Price to Earnings P/E Ratios, Price to Book P/B Ratios, an excellent Stock Price History, volume average, year highs and yearly stock price lows, all time highs and equity lows, stock screeners, Debt-to-Equity, Price to Sales (P/S), Dividend payout ratio and many other factors that one uses regularly to asses the fundamentals. Technical Analysis will also hopefull, come hand in hand with the market data. Further to this, we hope to provide bolinger bands, stochastics, standard deviations, moving averages and many other TA tools.