In 2015, Measuring the Co-operative Difference Research Network researchers George Karaphillis, Fiona Duguid and Alicia Lake conducted an economic impact analysis of co-operatives in Canada for the years 2009 and 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. Mutuals were not included in this study.
The study showed that, through direct spending and spin-offs, co-operatives contribute nearly $55 Billion in value-add (GDP), over 614,000 jobs and provide over $33 Billion in wages to Canadians.
For more details and infographics, as well as other Canadian research on the economic impact of the sector, visit the Co-operative Difference research portal.