Valeant overtakes RBC as largest Canadian company by market cap

Valeant Pharmaceuticals is now Canada’s largest company by market value, skirting past RBC at 11:21 a.m. today, according to Bloomberg.

“Valeant surged 4.5 percent to C$326.10 per share for a market value of C$111.3 billion ($85.7 billion) at 11:21 a.m. in Toronto. That eclipsed Royal Bank’s C$108.3 billion market value, according to data compiled by Bloomberg.”

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Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.