Press Release

Cooperatives: The Counterweight to Capitalism

Quebec City, October 12, 2016 "Cooperatives are extremely important […] and, to a certain degree, the future is in your hands," commented Professor Robert Reich of the University of California, Berkeley, to participants at the third International Summit of Cooperatives, which runs until tomorrow in Quebec City.

Revealed: First major analyses of business models of US, Canadian and Brazilian Banks and Credit Unions

Quebec City, Canada, October 7, 2016 – The North and South American banking sector has come under scrutiny by an independent academic research body, with the publication of in-depth and geographically widespread analyses of the banking system with a focus on cooperative banks and credit unions. 

In the aftermath of the 2007-2009 financial crash and ensuing economic crisis, three new publications on the banking business models are the first detailed analyses of its kind, covering the United States, Canada and Brazil. 

Forestry co-operatives’ adaptation capacity, an asset for sustainable forest management

Québec, October 12th 2016 – The Institut de recherche et d’éducation pour les coopératives et les mutuelles de l’Université de Sherbrooke (IRECUS) reveals the results of its research on forestry co-operatives, carried on for the 2016 International Summit of Cooperatives, during the sectoral meeting « Living Sustainably from our Forests ». This research aimed to identify, based on publications interested in forestry co-operatives throughout the world, their main challenges and practices regarding durability.

Inequalities and Alternatives

Quebec City, October 11, 2016 — "Cooperatives will have a very important part to play in the coming decade as alternatives to the economic model based on greed, which promotes inequalities," according to Nobel Laureate in Economics and Columbia University Professor Joseph Stiglitz.

A Snapshot of European and Canadian Co-operative Banking

Quebec City, October 11, 2016 – The financial performance of cooperative banks generally deviates from that of other banks. This mere fact means that they contribute to the diversity – and consequent stability – of the entire banking system. In a diverse banking landscape, a particular shock will affect banks with varying ownership structures differently. Policy makers and regulators should be duly aware of this fact when they design and/or implement new measures.

Co-operative enterprises announce 7% growth figure and a combined turnover of USD $2.53tn

Download the executive summary from


Québec, 12 October 2016 – The world’s largest 300 co-operatives and mutuals have grown their turnover by 7.20% to USD $2.53tn (2,533.1bn), according to the 2016 edition of the World Co-operative Monitor (WCM). The findings were presented at the International Summit of Cooperatives in Quebec.

The International Summit of Cooperatives an Event I Offset !

Québec (Québec), October 11 2016. For a second edition, the International Summit of Cooperatives is offsetting its greenhouse gas emissions (GSE) through the purchase of educational carbon credits from the Scol’ERE Carbon Scholarship Program. These credits are the outcome of a process recognized by an advisory committee lead by the Centre de recherche industrielle du Québec (CRIQ).

The Government of Canada supports the 3rd International Summit of Cooperatives

Some 2,800 participants from 116 countries are in Québec City to reflect on Cooperatives’ Power to Act

October 11, 2016 – Québec City, Quebec – Canada Economic Development for Quebec Regions (CED)

Tourism, one of the most rapidly developing industries in the world, provides an excellent opportunity for economic growth in Canada. The Government of Canada is proud to support events such as the Summit of Cooperatives, which generate significant economic benefits.