A new partnership between co-operatives and the federal government
OTTAWA, Jan. 28, 2013 /CNW/ - Canada's co-operative movement is delighted with the federal
government's decision to transfer responsibility for co-operatives to
Industry Canada and looks forward to working closely with the
government on improved access to capital and other issues.
In its response to the recommendations of the Special Committee on
Co-operatives, the government affirmed its willingness to forge a new
partnership with the Canadian co-operative movement. Its first step
will be to transfer federal responsibility for co-operatives from
Agriculture and Agri-Food Canada, where it has been for more than 30
years, to Industry Canada.
Canada's two national co-operative associations, the Canadian
Co-operative Association (CCA) and the Conseil canadien de la
coopération et de la mutualité (CCCM), had strongly urged the
government to make this move. Legislative and regulatory
responsibility for financial co-operatives, such as credit unions and
mutual insurance companies, will remain with Finance Canada.
The government also responded positively to other recommendations of the
Special Committee, including efforts to highlight the strategic role
co-operatives play in the Canadian economy and collaborate with
financial institutions, the provinces and territories and other key
stakeholders to offer business financing and capitalization to
"This represents the beginning of a new partnership between Canada's
co-operative movement and the federal government," said Jill Kelly,
president of CCA. "It is a signal that the government recognizes the
important role co-operatives play in creating jobs and supporting local
economies across the country. The government has put co-operatives
firmly on the policy agenda, and we thank them for their positive
Marthe Hamelin, president of CCCM, reacted to the news by saying: "We
are looking to build a new relationship with the Canadian government.
We now know that the government has been listening to us. With Industry
Canada, we can work together to create an accurate portrait of the
capitalization needs and opportunities of co-operatives, and possibly
open the door to further actions in the not-too-distant future."
Go to www.coopscanada.coop to read the government's response to the Committee report.
Special Committee on Co-operatives
Created by the House of Commons on May 30, 2012 in recognition of the
International Year of Co-operatives, the Special Committee on
Co-operatives held five days of hearings in which they heard 46
presentations and received 60 briefs. Its mandate was to study the
situation of co-operatives in Canada and make recommendations for
encouraging their development. On September 17, 2012, the Committee
completed its work by tabling a final report which made eight
recommendations to the federal government.
SOURCE: Canadian Co-operative Association
For further information:
Canadian Co-operative Association
Tel: 613-238-6711 ext. 206
Visit our website at www.coopscanada.coop
Director of Communications and Programs
Conseil canadien de la coopération et de la mutualité
Tel : 613-789-5492 ext. 24
Visit our website at www.cccm.coop