Canada's most admired companies
Canadians, as we saw at the Vancouver Games, hold up quite well on the world’s athletic scale.
Yet, how do we perform in business, the measuring stick that often accounts for endured success in life?
Well, the latest Fortune list of the world’s most admired companies is out, so let’s see how Canada fared:
The finance magazine, which outlined 50 of the world’s top business, places its “most admired” tag on three Canadian enterprises this year – a ranking that arrives based on a scoring system accounting for “innovation,” “people management,” “social responsibility” and other key attributes.
The companies – Toronto-based Thomson Reuters, Calgary-based EnCana and Montreal-based Domtar – all score fairly high in said categories, ranking in the top half of its industry survey to earn the label of most admired.
While three’s company (and a proud number to consider for such high praise), the inclusion of only a handful of Canadian businesses into the Most Admired Club comes with a bit of a sour taste.
Local heavyweights like Bombardier and Husky Energy, for example, didn’t make the cut, and Canada’s most admired count of three is quite paltry compared to the rest of the globe.
The U.K. boasts 16 most admired companies alone, Germany has 23 and France is home to 18. The U.S., as we need not be reminded of, has a whopping 232 “most admired” brands, including some of the tops on Fortune’s 50 list.
In fact, the top six of Fortune’s most admired companies are all U.S. based (click here to see if there are jobs for you at either Apple, Google, Berkshire Hathaway, Johnson & Johnson, Amazon or Procter & Gamble in Canada) and do well to assert American capitalist dominance on the world.
Should Canucks be intimidated by this impressive U.S. performance? Maybe. But now’s not the time to fret. We’ve got 14 gold medals.
By Jason Buckland, MSN Money
Posted by: Flora Korkis | Mar 13, 2022 12:25:59 AM
I liked this article! It was informative and at the end, funny.
Posted by: Ralp Rack | Mar 13, 2022 7:22:27 PM
We as Canadians must remember to buy products made in Canada from resources in Canada.
This a buy CANADIAN decade.
We MUST have a buy CANADIAN policy. All tax dollars must only be spent on buy Canadian only.
Our government just recently signed a deal with SAMSUNG which is not in our best interests. If I ran in the next election I would cancel the deals with NO penalties as it wasn't approved by the people.
The AMERICANS do well enough on their own and have a buy American policy.
Posted by: Cynthia Romero | Mar 13, 2022 7:51:46 PM
I 100% agree. I'm proud to be Canadian and if we want to keep our economy strong, we need to ensure we are buying Canadian!
Posted by: Craig | Mar 13, 2022 8:24:19 PM
I agree! Besides, when you buy at Husky Energy you get better gas for the same price as the cheap stuff at other fueling stations.
However, Canada doesnt have any Auto Manufacturer's (so we can't buy any cars/trucks!) and there are a few other industries Canada doesn't "make" anything for Canadians to buy. (or is there a website that shows where we can buy Canadian).
Posted by: Lisa | Mar 14, 2022 5:24:45 PM
Geez...whoever is writing these blogs is enjoying getting Canadians arguing about Americans.
Anyway...I buy whoever makes the product that I want...personally, I don't care who actually makes it. However, for anyone who was paying attention, Stephen Harper has made it much easier for companies to WANT to work with Canada. This is great for Canadian jobs...now we just need a bit of patience...it's going to take time...and jobs will be in Canada! Yes!
Thanks to Mr. Harper for taking out the "red tape"...now I want more selection, so that I don't need to cross the border for products I want.
Posted by: Don | Mar 15, 2022 1:50:14 PM
I imagine with a fiance magazine compliling the list maybe our taxes are to high. Interesting...isnt Fortune an American magazine?
Posted by: Brent | Mar 15, 2022 2:47:11 PM
I don't know how I came across this site, but the comments made me stop. To think that we live in a world were economies are confined by national borders is unrealistic. Buy Canada, buy US, it does not matter. The world is integrated and to have the entire country purchase products or services from Canadian companies alone negates the reality of global markets. Do your research. Your food source? Your car or truck? Your banking and investments? The time has passed when a person could rely only on local services. China and Japan own US Debt. Read the details of NAFTA and learn how economies on a content level and international level are dictated by issues, ideas, and trends that escape the majority of people. I mean no disrespect, but when people say buy Canada, I am afraid that it is more populist and not realist.
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canada is great for being part of a prestigious list, congratulations, have three companies of recognized worldwide!
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