Economic Impact of the Co-op Sector in Canada

On June 20, 2019, Co-operatives and Mutuals Canada released its Report, "The Economic Impact of Co-operatives in Canada" at the National Co-operative Congress in Québec. 

The economic impact analysis detailed in the report was conducted in 2019 using 2015 data (the most current and complete data available at the time). This analysis uses the input-output economic model, with data provided by individual co-ops, the credit union system, Innovation, Science and Economic Development Canada (ISED), and Statistics Canada. This paper quantifies the direct, indirect and induced (spinoff) impacts of co-ops and credit unions in Canada. Economic impact is measured in terms of contribution to gross domestic product (GDP), numbers of jobs created in full-time equivalents, wages and taxes paid. The purpose of this research is to provide a comprehensive picture of co-operatives in Canada, including descriptive statistics from 2015, trends over ten and five-year periods, as well as the economic impact of the sector. The scope of this study attempts to cover all reporting co-operatives activity in Canada.

Download the Full Report, the Report Highlights (FactSheet), or the Infographic