Canada's Top 1000 dominated by banks and energy firms

    Report on Business Top 1000 provides a Complete Guide to Corporate
    Performance in Canada

    Interview Opportunities from the July/August issue of Report on Business

    TORONTO, June 26 /CNW/ - Tomorrow, Report on Business magazine unveils
its 24th annual ranking of Canadian businesses: The Report on Business Top
1000. The Top 1000 ranks publicly traded Canadian companies by profit and
includes an array of specialized rankings: 100 biggest private companies, 50
biggest income trusts, investment tables and rankings by industry, and more.
Globe and Mail business columnist Brian Milner provides an insightful overview
of how business and corporate Canada fared during a turbulent year.
    "The Report on Business Top 1000 is as an essential resource used by CEOs
to measure their companies' performance against competitors and by investors
looking for insights on where to grow their money," says Report on Business
magazine editor Gary Salewicz. "The rankings provide valuable directional
insight for both audiences into the economic and market forces at work in 2008
and the year to come."

    Highlights of The Top 1000:
      -  Total revenue for all companies on The Top 1000 was $1.22 trillion,
         topped by the energy industry and the banking sector.
      -  Energy companies' profits soared to $184 billion, accounting for a
         stunning 25% of the total earned by The Top 1000.
      -  Only nine banks made The Top 1000, but they were responsible for
         more than $20 billion in profits.
      -  The bulk of The Top 1000 companies are still based in Ontario
         (344 companies), though there's been a significant shift to Alberta
         (267 companies).

    The top five publicly traded companies by profit (appearing in order):
      -  Royal Bank ($5.5 billion) moved up to No. 1 from last year's
         second-place ranking
      -  Manulife Financial ($4.3 billion) moved up from 4th place last year
      -  Thomson Reuters ($4 billion U.S.) jumped to No. 3 from 26
      -  EnCana Corp. ($3.9 billion U.S.) was knocked out of the top spot,
         where it spent four consecutive years
      -  BCE Inc. ($4 billion) climbed up from 18

    Biggest moves up The Top 1000 by profit:
      -  Nova Chemicals - ranking went from 1000 to 65
      -  Loblaw Cos. - ranking went from 991 to 74
      -  Air Canada - ranking went from 965 to 56
      -  Yamana Gold - ranking went from 970 to 106

    Also in the July/August issue:

    Slow sizzlers - Forget the glam. These companies may not be sexy, but
they are hot. Report on Business magazine senior editor John Daly examines 10
quiet Canadian overachievers that produce steady profits and share-price
appreciation year after year. The coast-to-coast list includes: Guelph-based
Hammond Power Solutions, which manufactures power transformers; Winnipeg's
North West Co. Fund., launched in 1799 with retail chains today in Alaska, the
Caribbean and Samoa; and Vancouver's Glentel Inc., which has reinvented itself
since the mid-'80s and the days of Cantel cellphones to operate more than 200
retail outlets under a number of banners, including Wireless Wave.

    Stand by your man - Former U.S. President Bill Clinton is standing by his
man, Canadian mining financier Frank Giustra, despite a firestorm of interest
in their relationship. Since 2005, Giustra has pledged $31 million of his own
cash to the William J. Clinton Foundation, and the two friends have formed the
Clinton Giustra Sustainable Growth initiative, funded with another
$100 million from Giustra. Allegations that Giustra is using this powerful
friendship to secure business for himself and mining cohorts began to surface
after the two visited Kazakhstan last year, just before Giustra scored a hefty
multimillion-dollar mining deal in the country. Report on Business mining
reporter Andy Hoffman takes an intimate look at an unlikely couple.

    Report on Business magazine is Canada's most-read business publication.
Published on the last Friday of every month in The Globe and Mail, Report on
Business magazine offers readers insightful, award-winning coverage of
Canadian and global business and economics, and is available with copies of
The Globe and Mail and online at

    The Globe and Mail is a division of CTVglobemedia, a dynamic multimedia
company that also owns CTV, Canada's leading private broadcaster.

For further information:

For further information: and to arrange an interview, please contact:
Teresa Pagnutti,, (416) 969-2721; Jennifer Hills,, (416) 969-2669

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