Industry Canada has published new data covering the 2009-2010 fiscal periods. This is the first official data released by the federal government in some time on Canadian co-ops and contains quite a bit of insight.
The new data shows that co-ops are growing and recent research on the economic impact of co-operatives funded by a SSHRC grant shows that co-ops from 2009 to 2010 outperformed other sectors.
The survey summary states that in 2010, there were 7,865 incorporated co-operatives registered under a federal, provincial or territorial co-operative Act. Quebec had the highest share of incorporated co-operatives (37%), followed by Ontario (21%) and Saskatchewan (12%). Of the incorporated co-operatives, 65% (or 5,094) completed the annual survey.
It is well know that Co-operatives in Canada are involved in a wide range of activities – oil refining, housing, daycare, senior centres, wholesale and retail and so forth. Interestingly, the largest participating sector in the 2010 survey was housing co-ops. 42% (or 2,156) of all reporting co-operatives were classified under the Real Estate sector. Wholesale and Retail were second (13%) followed by Agriculture and Resources (8%) and Health Care and Social Assistance sectors (8%).
For more highlights from the new data please visit the Industry Canada page.