The Hub: News & Events for October 25, 2018

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Central 1 News you need to know

Momentum 2018
Small businesses make up 90% of employers in Canada. How do we realize the potential of this big market that is traditionally underserved by big banks and is looking to us to help them manage and grow their businesses? Join this breakout session on October 29. Register now for Momentum 2018!

Bank of Canada Rate Announcement
As widely anticipated, the Bank of Canada raised its policy rate to 1.75 per cent on Wednesday, while maintaining expectations for further hikes in the quarters ahead. 

B.C. housings starts slide in September (Business In Vancouver, article by Bryan Yu, Central 1's deputy chief economist)
The see-saw pattern for B.C. housing starts continued in September. Urban-area starts plunged to a seasonally adjusted annualized rate (SAAR) of 25,611 units after tracking a robust 40,000-unit pace since March. This was the weakest pace of starts in two years.

Credit Union Lending Program Updates (log in required)
​With recent policy and regulatory changes, we understand there is increased pressure in the credit union system to increase funding options. Central 1 is committed to supporting the needs of the credit union system, and a key element of the support we provide is through our Credit Union Lending Facilities. 

Central 1 Events

October 25-27, 2018
2018 Fall Peer Group Meeting:
Peer Group 3

Cranbrook, BC

Parq, Vancouver

November 16-17, 2018
2018 Fall Peer Group Meeting:
Peer Group 2

Summerland, BC


Industry News

Credit Unions
Servus announces new Chief Credit Officer (News Release)

WFCU Credit Union Unveils Inspire - Their New Community Engagement Program (News Release)

Kelowna man named as one of Canada's top 10 insurance brokers (Kelowna Capital News, mentions Valley First, a division of First West CU)

'They still don't like you': Why major Canadian banks remain cool to the red-hot cannabis sector (Calgary Herald, mentions Alterna Savings)

Canada's housing market remains highly vulnerable, even as overvaluation eases (CMHC News Release)

Trudeau's human stimulus helps Canada match Trump's tax cuts (BNN Bloomberg)

Canada records 3.4% increase in payment card spending in Q3 (Verdict)

How much do we owe, and what are we doing about it? (CBC)

Sleep shortage: Most Canadian office workers are tired, survey says (CTV)

The five-pointed star of mobile payments (Forbes)

Visa CEO predicts 100 million contactless cards in a year (Digital Transactions)

Industry Events

November 1, 2018 
CUSource - Cannabis at work: challenges for credit unions

November 5-6, 2018
Everlink Payment Services - Connections 2018
Hilton, Toronto

November 5-6, 2018
Hike the Hill 2018
Ottawa, ON


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Central 1 Credit Union, All rights reserved.

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Central 1 Credit Union - Member & External Communications · 1441 Creekside Drive · Vancouver, Bc V6S 4J7 · Canada


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