Crocheters often gets the short stick ( or is that hook?). People often assume that all yarn work is knitting. Those who know, can see there is a big difference between knitting and crochet. It can drive a crocheter crazy if you call her handiwork knitting. Most of us have a preference for one over the other, although many can do both. Both crafts have their pros and cons.
Crocheting tends to create a denser fabric so it tends not to be as nice as a knit garment, but it makes crocheting great for toys. Crocheting, some say is much faster, so it is great for making larger items like afghans which can take a long time to knit. Crocheting is great for making lacy items which is why it is often seem as a trim on knit items. With crocheting it is much easier to change the direction of your work. In knitting, to change direction means having to pick up stitches or attaching separate pieces after you are done knitting.
As far as equipment goes, crocheting has knitting beat as far as not needing as many accoutrements. If you take a look at our stock of needles and hooks, far more real estate is devoted to knitting needles than there is to crochet hooks. Knitting needles come in double points of various lengths, straight needles in different lengths, circular needles in various lengths, interchangeable and fixed and metal, carbon, wood or plastic. Crochet hooks on the hand come in wood or metal and Tunisian or regular. To crochet in the round you only need the basic crochet hook unlike knitting where you either need double points or circulars. Most crocheted items can be made with only the simple crochet hook unless you want your crocheting to look more like knitting when you would need a Tunisian or afghan hook. Knitters tend to have multiples of their favourite size needle because if you are knitting more than one project at a time you need multiple needles. Crocheter can just put a stitch marker in their last loop and take their hook and start a new project.
When you make a mistake in knitting you may need to rip out multiple rows which may mean taking all your stitches off the needle and then having to make sure you get then all back on properly. In crochet you rip back to the mistake and pick up 1 loop and you are on your way again. In knitting it is possible to fix some mistakes by just dropping the stitch down to the mistake and correcting it. This is not possible with crochet.
There are definitely a lot more commercially available patterns for knitting than there are for crochet. I think in Canada, knitting is much more popular than crocheting. In the States, there seems to be more interest in crocheting than there is in Canada. If you are not comfortable working without a pattern then maybe knitting is the more practical choice for you. I think in the end it comes down to personal preference. Some prefer the look of crochet and some the look of knitting. Whichever you prefer, there are so many beautiful yarns in so many colourways that you will never have to worry about not finding something wonderful to knit or crochet.