Article Date 04/03/2021

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Federated Co-op Ltd. annual report shows impact of COVID-19

Source Regina Leader-Post

Federated Co-operatives Ltd. is eyeing a digital future, even as its 2020 annual report shows surging demand for groceries and home improvement supplies couldn't offset the devastating impact the COVID-19 pandemic has had on the energy industry.

The company's annual report, covering the period from November 2019 to October 2020, was released this week. FCL also held its first virtual general meeting, attended by some 300 delegates from local co-ops across Western Canada, according to a media release.

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