The Hub: News & Events for November 15, 2018

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Central 1 News you need to know

B.C. employment nudges up in October (Business in Vancouver, article by Bryan Yu, Central 1's deputy chief economist)
No material changes in B.C.'s labour market were recorded in October. Employment changed slightly, and the unemployment rate edged a notch lower to 4.1% from 4.2% in September.

Economist predicts return to average for Niagara home sales (Welland Tribune, mentions Edgard Navarrete, Central 1's Ontario Regional Economist)
After record-setting years for real estate sales in Niagara, a new report being developed by a national credit union predicts a slowdown in the demand for housing in years to come.

Ontario regional labour report – October 2018
October's employment numbers were nearly unchanged from last month posting a modest increase of 2,500 new jobs at 0.03 per cent growth month-over-month. This was due to the creation of 7,500 full-time jobs that was offset by the loss of 5,000 part-time jobs. 

B.C. regional labour report – October 2018
No material changes in B.C.'s labour market were recorded in the October 2018 Labour Force Survey by Statistics Canada. Employment changed slightly, and the unemployment rate edged a notch lower to 4.1 per cent from 4.2 per cent in September. 

Intercept Marketing in Campaign Manager – Launched! (log in required)
An enhanced feature has now been launched within Campaign Manager to create Intercept Marketing campaigns! This feature enables a web-based notification to appear when customers are logging in to their online banking.
Central 1 Events

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

Summerland, BC

November 27-28, 2018
The User Sessions: Fall Webinar Series
10:30 am - 12:30 pm PST

April 24-25, 2019
(Save the date)
Member Forum 
Sheraton Vancouver Wall Centre

April 25, 2019
(Save the date)
Central 1 AGM
Sheraton Vancouver Wall Centre

September 8-10, 2019
(Save the date)
Momentum Summit & Trade Show
Westin Harbor Castle, Toronto


Industry News

Credit Unions
Bare minimum (Enterprise magazine, mentions Kindred, DUCA, Libro & PenFinancial CU)

Dividing lines between credit unions, banks blurring, but key differences remain (Ottawa Citizen, mentions CCUA

Canada's economic Achilles heel: A mountain of household debt (Vancouver Sun)

Real Estate

Bank of Canada finds dramatic fall in highly indebted borrowers (BNN Bloomberg)

Average Canadian house worth $496,800 last month, down 1.5% in past year (CBC)


Energy CEOs Are at Their Wit's End in Canada (Bloomberg)


Barriers must fall for Canada to double trade to China: industry (Toronto Star)


Data Explosion Could Burn Credit Unions (CU Management)


Industry Events

November 27-29, 2018
Real Estate Forum
Metro Toronto Convention Centre

December 4-5, 2018
A Shared Vision
Delta Ottawa City Centre

March 27-29, 2019
(Save the Date)
Ontario Credit Union Conference
Toronto Airport Marriott Hotel

May 5-8, 2019
(Save the Date)
CCUA National Conference
Winnipeg Convention Centre



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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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