Montréal business news website Lad Bible recently polled 5,000 Canadians and asked them which Canadian business would be most likely, at the end of the day, to buy up your business.
In the end, the answers came out to a tie between Sun Life Financial (TSX:SFTF) and Royal Bank of Canada (NYSE:RBC).
The company said that, in order to be considered a Canadian business, the business has to have revenues in excess of $2.3 million.
If the business generates revenues in the range of $1 million or less, the stock has to be worth at least $100 million.
The survey also asked the public which companies had the highest market cap at the start of 2017, and the company came out with the top-ranked stock at $14.3 billion.
It also had the most profitable business at $15.2 billion.
The company said the results are based on a survey of the top 500 companies by revenue, share price and market cap, and also on a “comprehensive analysis of the companies’ financial and operational performance.”
It also said the data also includes information about the business’s current valuation and the stock price.
The data has been compiled from financial reports, corporate filings and news reports.
It’s a clear indication that Royal Bank, which is Canada’s second-largest bank by assets, is not just a stock-buying machine, but also a global investment bank.
In fact, Royal Bank is a leading global provider of investment banking.
It is also the bank for the Canadian government.
That has not been the case with other banks, like HSBC.
HSBC, the world’s largest private bank, is only the second bank to be sold in Canada, after Toronto-Dominion Bank was sold to Canadian Imperial Bank of Commerce.
The survey also said that the most popular reason for buying a business is to make money.
A third of respondents said they bought their first business to make a profit, followed by the value of the business, as well as the quality of the services.
The company with the most customers, by far, was a travel website called Booking.com.
The study also asked whether the business could grow beyond its current size, and if there are other options to grow, including buying a local business.
A total of 19 per cent of respondents chose the option to grow beyond their current size.
The Lad Bible said that this data will be used to build a business-wide analytics database, and to help the bank identify potential opportunities for growth.