COOPERATIVE NEWS: local, national, international

COOPERATIVE NEWS: local, national, international

Economic Impact of the Cooperative Sector in Canada - June 2019 report

News Release



For immediate release

RELEASE OF THE STUDY ON THE ECONOMIC IMPACT OF THE CO-OPERATIVE SECTOR
IN CANADA IN 2015

June 20, 2019—During Co-operatives and Mutuals Canada (CMC)’s Congress 2019, Scott Bandaof Federated Cooperatives Limited and Guy Cormierof Desjardins Group released the Study on the Economic Impact of the Co-operative Sector in Canada in 2015. Led by Dr. Fiona Duguid in partnership with George Karaphillis, the study confirms that cooperatives are an economic driver that contributes to the development of the Canadian economy.

Conducted earlier this year using data collected in 2015 from 5,730 co-operatives, this study is one of the most comprehensive ever done and provides a comprehensive portrait of Canadian co-operatives. Among other things, it presents descriptive statistics for 2015, five- and ten-year trends, and the economic impact of the sector on the Canadian economy.

HIGHLIGHTS OF THE STUDY

Cooperatives

  • In 2015, there were 5,730 cooperatives that reported in Canada.

  • Their volume of business was $85.9 billion, with assets of $503.2 billion. This represents 20.9% growth in volume of business and 42.5% growth in assets.
  • Memberships totalled 31.8 million, and the number of reported full-time equivalent employees was 182,253. This represents a 13.3% increase in membership and a 2.5% increase in the number of employees.

The economy

  • The cooperative sector in Canada contributes $61.2 billion yearly to Canada’s GDP, an increase of 12% since 2010.
  • The sector injects $34.3 billion in taxes to all orders of government, an increase of 11.1% in five years.
  • The contribution of the cooperative sector to Canada’s GDP in 2015 was estimated at $61.2 billion, representing 3.4% of the national figure of $1,813.9 billion.

Cooperatives & Mutuals Canada logo

About CMC—Co-operatives and Mutuals Canada (CMC) is a member-driven association that supports, promotes and unites co-operative and mutual organisations. CMC strives to advance the co-operative economy by organizing co-op development, advocating with government and conducting research to improve public policy. CMC serves as a common table for co-operatives and mutuals in Canada. The co-operative and mutual movement in Canada comprises more than 31.8 million memberships from approximately 8,000 co-operative and mutual enterprises.

—30 —

For more information, please contact:

National contact

 

Simone Saint-Pierre
Communications Manager
Co-operatives and Mutuals Canada
Mobile: 1-438-596-5950



CCA ADVERT MARCH 2013

 

"Cooperatives, in their various forms, promote the fullest possible participation in the economic and social development of all people..." -UN Resolution 64/136


                     
ACCA Logo

A monthly newsletter with the latest information on activities of the ACCA and its members. The ACCA News and Views will be published on or near the first day of each month.

AttachmentSize
infographics_-_economic_impact_of_the_co-operative_sector_in_canada.pdf364.16 KB
coop_gdp_report_english_web.pdf1.58 MB