Royal Bank is no longer Canada's largest company

"Valeant Pharmaceuticals International Inc. has surpassed Royal Bank of Canada as the country’s largest company by market value after shares shot up in the wake of solid second quarter results."

"In the latest quarter, Valeant said organic growth was up 19 per cent on a same-store sales basis, driven by its dermatology, gastrointestinal, contact lenses and dental businesses."

“We don’t see this business slowing down any time soon,” wrote Alex Arfaei, an analyst at BMO Nesbitt Burns, in a note Thursday."

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     Source: Richardson GMP Ltd.