In 2014, researchers George Karaphillis, Fiona Duguid and Alicia Lake conducted an economic impact analysis of co-operatives in Canada for 2010. The study was conducted based on the latest data available from Industry Canada’s annual co-operative survey. As well, it included data on financial co-operatives via Statistics Canada and the annual reports of six co-operative insurance and investment companies. This presents the key findings of the study as a one-page visual.
Now, the facts....
According to the of Innovation Science and Economic Development Canada (formerly Industry Canada)::
- There are more than 8,800 co-ops in Canada
- Combined, these co-ops directly employ 150,000 people
- 4 of every 10 Canadians are members of at least one co-op
- In Québec, approximately 70% of the population are co-op members
- In Saskatchewan 56% are co-op members
- 250,000 independent Canadian producers rely on marketing and production co-operatives for their livelihood, and are especially important in rural and remote regions
- Canada's co-operatives hold more than $210 billion in assets, which is owned by the members and communities they serve
- Non-financial co-ops do nearly $30 billion a year in business
- At least 7 co-ops are listed in the top 500 companies in Canada, and several financial co-operatives have been rated the best places to work in Canada
- At least 70,000 co-op members serve on co-op boards of directors
- A study published by the Québec Ministry of Industry and Commerce in 2001 shows that the long-term survival rate of co-operative enterprises is almost twice that of investor-owned companies
The Co-operative Policy Unit has published a number of reports, case studies, and profiles, all of which can be found here.
To read a series of national co-operative sector profiles created by Co-operative and Mutuals Canada, click here.
Now the fun....
A series of short "Mac versus PC" style of ads on the differences between banks and credit unions. Produced by BankerSpank.com:
For an extensive list of videos on co-operatives and the various co-op sectors, visit cultivate.coop.
Another series on the differences betwen credit unions and banks. These were created by Larissa Walkiw and produced by Common Wealth Credit Union's Young & Free Alberta campaign:
The Difference between Banks and Credit Unions: Part 1
The Difference between Banks and Credit Unions: Part 2
The Difference between Banks and Credit Unions: Part 3
What is a Credit Union?