A bond is a form of insurance that protects your business against losses caused by internal fraud, theft, or incompetence. If mistakes are made by your employees that result in losses for your customers, restitution for damages is paid by your insurance company. Some businesses are required by law to purchase bonding insurance, and others do so to increase their business’ credibility.
It is a vast understatement to say that the current state of social and economic development within Aboriginal and First Nation communities is far from satisfactory. A recent study1 of the Aboriginal economic gap in Saskatchewan, for example, demonstrated that, compared to the non-Aboriginal community, Aboriginal people experience higher poverty rates, lower education levels, and chronic unemployment.
This paper is part of a larger research study on the Aboriginal co-operative movement (A Reporton Aboriginal Co-operatives in Canada: Current Situation and Potential for Growth). The study was initiated by the Canadian Co-operative Association (CCA) and le Conseil Canadian de la coopération (CCC). The objective of the study was to build knowledge and awareness about the current state and contributions of Aboriginal co-operatives to regional and community development. The present paper has been developed as a background paper for the complete study.
The Canadian Co-operative Association (CCA) has launched the First Nations, Métis and Inuit Cooperative Development Program to help Aboriginal communities explore the potential of co-operatives to meet their needs. The five-year pilot program is being developed in consultation with national Aboriginal organizations and the program’s steering committee will be composed of representatives of co-operative and national Aboriginal organizations. It is sponsored by Arctic Co-operatives Ltd.
The Canadian Co-operative Association (CCA) has created the First Nations, Métis and Inuit Co-operative Development Program to help Aboriginal communities explore the potential of co-operatives to meet their needs. The five-year pilot program was developed in collaboration with national Aboriginal organizations.
The Canadian Co-operative Association provides leadership to promote, develop and unite co-operatives and credit unions for the benefit of people in Canada and around the world. Our members come from many sectors of the economy, including finance, insurance, agri-food and supply, wholesale and retail, housing, health, and the service sector.
