A new report finds Canada’s 43 most prominent family-controlled businesses outperformed the S&P TSX composite index – over the past 13 years.

The National Bank of Canada report says returns for companies including Bombardier, Loblaw Companies and Rogers Communications were about nine per cent on an annualized basis – compared to 6.7 per cent returns for the S&P TSX composite index.

The report says the family-run businesses achieved an absolute return rate of 206 per cent – between June 2005 and June 2018 – compared with 133 per cent for the S&P TSX composite total return.

The bank’s numbers are based on analysis of companies where a founding family or founder controls 10 per cent or more voting rights – or an individual and related entities with ownership – controls 33.3 per cent or more of voting rights.

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