The Hub: News & Events for April 15, 2019

View this email in your browser April 15, 2019   Central 1 News  Analysis: 2019 Ontario Budget: Protecting What Matters Most Tabled on April 11 as the first budget under the helm of the new conservative government, the budget policies were aimed at key groups including students, seniors, families and business owners.  Highlights: Government to run declining deficits from 2018-19 to 2022-2023 before balancing the books by 2023-24 No new taxes announced in 2019 Ontario Budget Fiscal 2019/20 deficit pegged at $10.3 billion The net-debt to Gross Domestic Product (GDP) ratio will remain above 40 per cent as the government runs deficits and modest economic growth puts downward pressure on GDP growth. Government forecasts economic growth of 1.7 per cent over forecast period, down from an annual average of 2.4 per cent from 2016 to 2018. B,.C. Economic Briefing Highlights: B.C. urban housing starts decline 32.5k saar units in March Teranet home price index drops again Non-residential building intentions rise Motor vehicle sales weak to start 2019 Ontario Economic Briefing Highlights:  Large gains in metro markets lifted Ontario's total housing starts in March A general decline in non-residential activity dropped permit volumes by 7.9 per cent in February Ontario's economic growth at a slower rate in the fourth quarter of 2018 Central 1 Events   April 24-25, 2019 Central 1 Member Forum Sheraton Vancouver Wall Centre April 25, 2019 Central 1 AGM Sheraton Vancouver Wall Centre September 8-10, 2019 Momentum Summit & Trade Show Westin Harbor Castle, Toronto (Save the date) Industry News Credit unions Northern Credit Union Announces New President and CEO (Press release) Libro Credit Union announces record profits at 2019 Annual General Meeting (Press release) SASCU powers Innovation Centre: Credit union contributes $125,000 with 10-year sponsorship agreement (Salmon Arm Observer) Parents need to plan carefully if they are going to help their kids buy a house (Financial Post) - features BlueShore Financial CEO Chris Catliff    Economics How the Ontario 2019 budget will affect families across the province (Global News) How to prepare the economy for the baby boom bust: Don Pittis (CBC) Business sentiment softens amid uncertainty: Bank of Canada survey (BNN Bloomberg) Bank of Canada's Poloz Reinforces Perception Rates Are on Hold (Bloomberg) Canadian dollar's bullish 2019 run may soon run out of fuel (BNN Bloomberg) Technology RBC adds photo bill pay and debit card lock to mobile app (FinExtra) Payments As cashless stores grow, so does the backlash (Canadian Business) Housing/Real Estate Average house price has fallen by almost 2% to just over $480,000 in past year, CREA says (CBC)   Industry Events April 23, 2019 Credit Union Foundation of B.C. AGM  Stabilization Central Credit Union of B.C. AGM  Sheraton Vancouver Wall Centre May 5-8, 2019 2019 National Conference for Canada's Credit Unions Winnipeg Convention Centre May 7-9, 2019 Enhancing Business Performance through Co-operative Management Strategies Saint Mary's University Winnipeg, MB June 9-14, 2019 CanadaDE Credit Union Leadership Program Saint Mary's University Halifax, NS   September 15-17, 2019 CULA Conference White Oaks Conference Resort Niagara-on-the-Lake, ON (Save the date) October 3 – 5, 2019 35th Annual Credit Union Directors' Forum   "Good Governance: The Future of Ontario's Credit Unions" Hilton Mississauga/Meadowvale October 21-22, 2019 Everlink Connections 2019 Hilton Toronto Have some credit union news or events? To submit items email newslist@central1.com *please include an URL to the requested item Copyright © 2018 Central 1 Credit Union, All rights reserved. Unsubscribe from The Hub The Hub is brought to you by Member & External Communications. Questions or feedback regarding The Hub? Email communications@central1.com. Unsubscribe from all commercial messages from Central 1  Please note: this option will remove you from all future Central 1 communications. Should this message not be applicable to you, we encourage you to unsubscribe from this list only.

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