Top 5 Business Consulting Companies in Canada

There are plenty of business consulting firms in Canada to choose from. The most obvious ones are Mercer, Synechron, Alvarez & Marsal, and Norstrat. However, it’s also important to consider other alternatives when choosing a firm, such as a smaller, more local company.Norstrat


is a Canadian-based business consultancy that helps businesses in the north. It offers various services, including strategic planning, business solutions, market research, and social media management.

The company’s primary focus is on infrastructure projects undertaken by the federal government. Their team has the extensive industry knowledge and can help clients reach their objectives.

In addition to helping clients with their marketing strategies, they can also assist with government relations. They have developed relationships with several military organizations and government agencies. These relationships have helped Norstrat develop a solid client base.

In addition to their services, they also offer a range of products that can benefit businesses. These include Brand Metrics software, an analytical tool for advertising agencies. This program can help measure customer reaction to ads.


Synechron is a technology consulting firm. With a global presence, it offers digital transformation services to financial institutions across North America. Its portfolio of solutions includes business process management, I.T. strategy and development, and digital and mobile applications. Its clients are banks, insurance companies, fintech, and wealth managers.

Founded in 2001, Synechron has grown from a small company to a multi-national firm with more than 13,800 employees working in over 18 countries. Having earned recognition for its early achievements, it has also received significant plaudits for its initiatives. It was named one of the World’s Best Places to Work in 2022.

The firm is headquartered in New York, with offices in Canada, the UK, Germany, the Netherlands, India, Singapore, Australia, and Asia. It is a leader in Digital Media & Technology and offers a full spectrum of services.

Nous Group

The Nous Group is a management consulting firm with offices in Australia, Canada, and Ireland. It has some awards to its credit. Notably, it is one of Canada’s top 5 business consulting companies.

One of the largest firms in the country, it boasts a staff of over 500. While the organization doesn’t hold a candle to large-scale global players like Deloitte and BCG, it does have a healthy pool of talented individuals. That said, a successful consulting firm must attract the right talent.

No company can claim to be the best at everything, but the Nous Group has learned to be a conscientious and considerate employer. A key to its success is the firm’s employee engagement strategy, which involves an annual survey to gauge employees’ satisfaction and an annual review of its people policies.


Mercer Business Consulting is a major player in the H.R. consulting industry. The firm focuses on M&A consulting, health and benefits, retirement, and communication. It has about 23,000 employees worldwide, and its offices are spread across the globe.

During the 1990s, the company made key acquisitions such as Corporate Decisions, Inc. and TBS. The merger created a large, highly prestigious, diverse group of clients for Mercer. However, the two companies had very different practices and moral issues. Mercer decided to investigate the practice of the two companies to determine whether the SPA employees had signed non-solicitation agreements.

After the SPA/TBS merger, Mercer created “marzipan” to encourage remaining SPA consultants to continue working at Mercer. This included paying cash bonuses to consultants who stayed.

Mercer wished to protect the company’s investments in its employees. It also wanted to avoid the risks of losing its employees to other companies.

Alvarez & Marsal

Alvarez & Marsal is a global professional services firm specializing in business advisory and performance improvement. Its client list includes healthcare giant HealthSouth and the Tribune Company. They also have offices in Brazil and Colombia. As of last year, Alvarez & Marsal has approximately 4,000 employees across the globe.

The firm’s newest endeavor is a digital unit that will help clients achieve the digital business transformation of their dreams. This unit will support the implementation and scaling of their solutions. One of the most intriguing things about Alvarez & Marsal is its commitment to building a presence in the Latin American market. They have already opened an office in Mexico City. Additionally, they have a team of around 50 professionals in the region.