Economic Impact of the Co-operative 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. 

Executive Summary:

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 twn - 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.

Download the Report Highlights (FactSheet).

Download the Infographic

View the Media Release.