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S&P/TSX SmallCap
Components

Top S&P/TSX SmallCap Companies by Market Cap and Stocks in 2025

This is the list of the largest public listed companies in the S&P/TSX SmallCap index ranked by market capitalization, together with links to their reference stock, sector and industry.

S&P/TSX SmallCap Chart & Analysis

Top S&P/TSX SmallCap Companies Ranking by Market Cap as of July 1, 2025

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Ranking Company Stock Market Cap (USD) Country Sector Industry
91 Enghouse Systems Limited ENGH wb_incandescent $953.0 M Canada Canadian Technology Canadian Software—Application
92 Aecon Group Inc. ARE wb_incandescent $947.2 M Canada Canadian Industrials Canadian Engineering & Construction
93 Africa Oil Corp. AOI wb_incandescent $930.7 M Canada Canadian Energy Canadian Oil & Gas E&P
94 Mullen Group Ltd. MTL wb_incandescent $926.4 M Canada Canadian Industrials Canadian Trucking
95 Morguard Corporation MRC wb_incandescent $925.7 M Canada Canadian Real Estate Canadian Real Estate—Diversified
96 Chemtrade Logistics Income Fund CHE.UN wb_incandescent $923.0 M Canada Canadian Basic Materials Canadian Specialty Chemicals
97 Altius Minerals Corporation ALS wb_incandescent $915.6 M Canada Canadian Basic Materials Canadian Other Industrial Metals & Mining
98 NorthWest Healthcare Properties Real Estate Investment Trust NWH.UN wb_incandescent $912.9 M Canada Canadian Real Estate Canadian REIT—Healthcare Facilities
99 Solaris Resources Inc. SLS wb_incandescent $883.1 M Canada Canadian Basic Materials Canadian Other Precious Metals & Mining
100 Docebo Inc. DCBO wb_incandescent $859.8 M Canada Canadian Technology Canadian Software—Application
101 Osisko Mining Inc. OSK wb_incandescent $849.7 M

(July 1, 2024)

 Canada Canadian Basic Materials Canadian Other Precious Metals & Mining
102 Karora Resources Inc. KRR wb_incandescent $844.1 M

(July 1, 2024)

 Canada Canadian Basic Materials Canadian Gold
103 Extendicare Inc. EXE wb_incandescent $841.6 M Canada Canadian Healthcare Canadian Medical Care Facilities
104 Magellan Aerospace Corporation MAL wb_incandescent $803.7 M Canada Canadian Industrials Canadian Aerospace & Defense
105 Cardinal Energy Ltd. CJ wb_incandescent $796.3 M Canada Canadian Energy Canadian Oil & Gas E&P
106 WELL Health Technologies Corp. WELL wb_incandescent $784.8 M Canada Canadian Healthcare Canadian Medical Care Facilities
107 Cronos Group Inc. CRON wb_incandescent $781.1 M Canada Canadian Healthcare Canadian Drug Manufacturers—Specialty & Generic
108 Fission Uranium Corp. FCU wb_incandescent $778.9 M

(July 1, 2024)

 Canada Canadian Energy Canadian Uranium
109 Canaccord Genuity Group Inc. CF wb_incandescent $750.3 M Canada Canadian Financials Canadian Capital Markets
110 Heroux-Devtek Inc. HRX wb_incandescent $743.6 M

(Jan. 1, 2025)

 Canada Canadian Industrials Canadian Aerospace & Defense
111 Algoma Steel Inc. ASTL wb_incandescent $740.6 M Canada Canadian Basic Materials Canadian Steel
112 Trican Well Service Ltd. TCW wb_incandescent $735.4 M Canada Canadian Energy Canadian Oil & Gas Equipment & Services
113 Pason Systems Inc. PSI wb_incandescent $729.2 M Canada Canadian Energy Canadian Oil & Gas Equipment & Services
114 MTY Food Group Inc. MTY wb_incandescent $721.8 M Canada Canadian Consumer Discretionary Canadian Restaurants
115 BSR Real Estate Investment Trust HOM.UN wb_incandescent $719.3 M Canada Canadian Real Estate Canadian REIT—Residential
116 SunOpta Inc. SOY wb_incandescent $716.8 M Canada Canadian Consumer Staples Canadian Packaged Foods
117 Morguard North American Residential Real Estate Investment Trust MRG.UN wb_incandescent $707.7 M Canada Canadian Real Estate Canadian REIT—Residential
118 Foran Mining Corp FOM wb_incandescent $697.1 M

(July 1, 2023)

 Canada Canadian Basic Materials Canadian Other Industrial Metals & Mining
119 Dream Unlimited Corp. DRM wb_incandescent $691.1 M Canada Canadian Real Estate Canadian Real Estate—Development
120 Minto Apartment Real Estate Investment Trust MI.UN wb_incandescent $688.4 M Canada Canadian Real Estate Canadian REIT—Residential

Top S&P/TSX SmallCap Companies Ranking by Market Cap as of July 1, 2025

91. Enghouse Systems Limited

Company Profile: Enghouse Systems Limited
Market Cap (USD): $953.0 M
Stock: ENGH wb_incandescent
Country: Canada
Sector: Canadian Technology
Industry: Canadian Software—Application

92. Aecon Group Inc.

Company Profile: Aecon Group Inc.
Market Cap (USD): $947.2 M
Stock: ARE wb_incandescent
Country: Canada
Sector: Canadian Industrials
Industry: Canadian Engineering & Construction

93. Africa Oil Corp.

Company Profile: Africa Oil Corp.
Market Cap (USD): $930.7 M
Stock: AOI wb_incandescent
Country: Canada
Sector: Canadian Energy
Industry: Canadian Oil & Gas E&P

94. Mullen Group Ltd.

Company Profile: Mullen Group Ltd.
Market Cap (USD): $926.4 M
Stock: MTL wb_incandescent
Country: Canada
Sector: Canadian Industrials
Industry: Canadian Trucking

95. Morguard Corporation

Company Profile: Morguard Corporation
Market Cap (USD): $925.7 M
Stock: MRC wb_incandescent
Country: Canada
Sector: Canadian Real Estate
Industry: Canadian Real Estate—Diversified

96. Chemtrade Logistics Income Fund

Company Profile: Chemtrade Logistics Income Fund
Market Cap (USD): $923.0 M
Stock: CHE.UN wb_incandescent
Country: Canada
Sector: Canadian Basic Materials
Industry: Canadian Specialty Chemicals

97. Altius Minerals Corporation

Company Profile: Altius Minerals Corporation
Market Cap (USD): $915.6 M
Stock: ALS wb_incandescent
Country: Canada
Sector: Canadian Basic Materials
Industry: Canadian Other Industrial Metals & Mining

98. NorthWest Healthcare Properties Real Estate Investment Trust

Company Profile: NorthWest Healthcare Properties Real Estate Investment Trust
Market Cap (USD): $912.9 M
Stock: NWH.UN wb_incandescent
Country: Canada
Sector: Canadian Real Estate
Industry: Canadian REIT—Healthcare Facilities

99. Solaris Resources Inc.

Company Profile: Solaris Resources Inc.
Market Cap (USD): $883.1 M
Stock: SLS wb_incandescent
Country: Canada
Sector: Canadian Basic Materials
Industry: Canadian Other Precious Metals & Mining

100. Docebo Inc.

Company Profile: Docebo Inc.
Market Cap (USD): $859.8 M
Stock: DCBO wb_incandescent
Country: Canada
Sector: Canadian Technology
Industry: Canadian Software—Application

101. Osisko Mining Inc.

Company Profile: Osisko Mining Inc.
Market Cap (USD): $849.7 M (July 1, 2024)
Stock: OSK wb_incandescent
Country: Canada
Sector: Canadian Basic Materials
Industry: Canadian Other Precious Metals & Mining

102. Karora Resources Inc.

Company Profile: Karora Resources Inc.
Market Cap (USD): $844.1 M (July 1, 2024)
Stock: KRR wb_incandescent
Country: Canada
Sector: Canadian Basic Materials
Industry: Canadian Gold

103. Extendicare Inc.

Company Profile: Extendicare Inc.
Market Cap (USD): $841.6 M
Stock: EXE wb_incandescent
Country: Canada
Sector: Canadian Healthcare
Industry: Canadian Medical Care Facilities

104. Magellan Aerospace Corporation

Company Profile: Magellan Aerospace Corporation
Market Cap (USD): $803.7 M
Stock: MAL wb_incandescent
Country: Canada
Sector: Canadian Industrials
Industry: Canadian Aerospace & Defense

105. Cardinal Energy Ltd.

Company Profile: Cardinal Energy Ltd.
Market Cap (USD): $796.3 M
Stock: CJ wb_incandescent
Country: Canada
Sector: Canadian Energy
Industry: Canadian Oil & Gas E&P

106. WELL Health Technologies Corp.

Company Profile: WELL Health Technologies Corp.
Market Cap (USD): $784.8 M
Stock: WELL wb_incandescent
Country: Canada
Sector: Canadian Healthcare
Industry: Canadian Medical Care Facilities

107. Cronos Group Inc.

Company Profile: Cronos Group Inc.
Market Cap (USD): $781.1 M
Stock: CRON wb_incandescent
Country: Canada
Sector: Canadian Healthcare
Industry: Canadian Drug Manufacturers—Specialty & Generic

108. Fission Uranium Corp.

Company Profile: Fission Uranium Corp.
Market Cap (USD): $778.9 M (July 1, 2024)
Stock: FCU wb_incandescent
Country: Canada
Sector: Canadian Energy
Industry: Canadian Uranium

109. Canaccord Genuity Group Inc.

Company Profile: Canaccord Genuity Group Inc.
Market Cap (USD): $750.3 M
Stock: CF wb_incandescent
Country: Canada
Sector: Canadian Financials
Industry: Canadian Capital Markets

110. Heroux-Devtek Inc.

Company Profile: Heroux-Devtek Inc.
Market Cap (USD): $743.6 M (Jan. 1, 2025)
Stock: HRX wb_incandescent
Country: Canada
Sector: Canadian Industrials
Industry: Canadian Aerospace & Defense

111. Algoma Steel

Company Profile: Algoma Steel Inc.
Market Cap (USD): $740.6 M
Stock: ASTL wb_incandescent
Country: Canada
Sector: Canadian Basic Materials
Industry: Canadian Steel

112. Trican Well Service Ltd.

Company Profile: Trican Well Service Ltd.
Market Cap (USD): $735.4 M
Stock: TCW wb_incandescent
Country: Canada
Sector: Canadian Energy
Industry: Canadian Oil & Gas Equipment & Services

113. Pason Systems Inc.

Company Profile: Pason Systems Inc.
Market Cap (USD): $729.2 M
Stock: PSI wb_incandescent
Country: Canada
Sector: Canadian Energy
Industry: Canadian Oil & Gas Equipment & Services

114. MTY Food Group Inc.

Company Profile: MTY Food Group Inc.
Market Cap (USD): $721.8 M
Stock: MTY wb_incandescent
Country: Canada
Sector: Canadian Consumer Discretionary
Industry: Canadian Restaurants

115. BSR Real Estate Investment Trust

Company Profile: BSR Real Estate Investment Trust
Market Cap (USD): $719.3 M
Stock: HOM.UN wb_incandescent
Country: Canada
Sector: Canadian Real Estate
Industry: Canadian REIT—Residential

116. SunOpta Inc.

Company Profile: SunOpta Inc.
Market Cap (USD): $716.8 M
Stock: SOY wb_incandescent
Country: Canada
Sector: Canadian Consumer Staples
Industry: Canadian Packaged Foods

117. Morguard North American Residential Real Estate Investment Trust

Company Profile: Morguard North American Residential Real Estate Investment Trust
Market Cap (USD): $707.7 M
Stock: MRG.UN wb_incandescent
Country: Canada
Sector: Canadian Real Estate
Industry: Canadian REIT—Residential

118. Foran Mining Corp

Company Profile: Foran Mining Corp
Market Cap (USD): $697.1 M (July 1, 2023)
Stock: FOM wb_incandescent
Country: Canada
Sector: Canadian Basic Materials
Industry: Canadian Other Industrial Metals & Mining

119. Dream Unlimited Corp.

Company Profile: Dream Unlimited Corp.
Market Cap (USD): $691.1 M
Stock: DRM wb_incandescent
Country: Canada
Sector: Canadian Real Estate
Industry: Canadian Real Estate—Development

120. Minto Apartment Real Estate Investment Trust

Company Profile: Minto Apartment Real Estate Investment Trust
Market Cap (USD): $688.4 M
Stock: MI.UN wb_incandescent
Country: Canada
Sector: Canadian Real Estate
Industry: Canadian REIT—Residential

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