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Archived - Parliamentary Secretary Mike Lake underlines importance of co-operatives to national economy
November 26, 2014 – Ottawa – Industry Canada
Mike Lake, Parliamentary Secretary to the Minister of Industry, today delivered opening remarks at the first delegates meeting of Co-operatives and Mutuals Canada. This newly formed organization aims to provide the co-operative sector with a single national voice.
During his remarks, Parliamentary Secretary Lake highlighted initiatives that the Government of Canada is undertaking to support co-operatives across Canada and its continued commitment to helping co-operatives grow and succeed.
- The co-operative sector accounts for an estimated $266 billion in assets, $47 billion in volume of business, 156,000 employees and 18 million members.
- Co-operatives and Mutuals Canada is a new national, bilingual association representing more than 9,000 co-operatives.
- In 2013, the policy responsibility for non-financial co-operatives was transferred to Industry Canada from Agriculture and Agri-Food Canada.
"Co-operative businesses have an important economic role to play in generating jobs and growth in communities across Canada. Today's meeting was a great opportunity for us to discuss issues affecting Canadian co-operatives and mutuals and, by doing so, to provide strategic input to this important sector of our economy."– Mike Lake, Parliamentary Secretary to the Minister of Industry
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