The Hub: News & Events for June 24, 2019

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June 24, 2019


Central 1 News 

  • Manufacturing sales declined in April
  • Ontario's job vacancy rate stood at 3.0 per cent in the first quarter of 2019
  • Inflation increased to 2.4 per cent in May from 1.9 per cent in April
  • Ontario's population increased by 43,692 people over the fi rst quarter of 2019
  • Employment Insurance (EI) beneficiaries fell in Ontario in April
  • Retail sales in Ontario increased for the third consecutive month in April 

B.C. Economic Briefing
  • Retail sales decline 0.5 per cent in April
  • High job vacancy rate points to tight labour market
  • Non-durable goods lead manufacturing higher in April
  • CPI inflation firm at 2.6 per cent
  • B.C. population climbs by more than 67,000 persons over latest four quarters
Central 1 Events

September 8-10, 2019
Momentum Summit & Trade Show 
(including AmpliFI Awards Ceremony)
Westin Harbour Castle, Toronto


October 28-29, 2019
PeopleFocus 2019
Coast Coal Harbour Hotel, Vancouver

Button to Credit Union Careers
Button to Central 1's Economic Insights
Button to our Annual Research Package

Industry News

Credit unions
CU Succeed Youth Bursary Recipients Big Winners (Ontario Credit Union Foundation (Press release)

WFCU credit union announces recipients of the 2019 community donations fund $20,000 awarded to Windsor-Essex organizations (Press release)

Desjardins data breach affecting 2.9 million members sparks class-action lawsuits (CTV)

Nearly 20 Pct Of Bitcoin Traders Have Been Hacked (PYMNTS)

Fraudsters twice as likely to be men, and older and in positions of trust: study (Vancouver Sun)

Housing / real estate
Is Canada's First-Time Home Buyer incentive a 'bridge to nowhere'? (Livabl)

Interest rate cut could put Canadian housing back in bubble risk territory: BMO (Livabl)

Can Bank of Canada 'divorce' from the Fed on rates? Experts weigh in (BNN Bloomberg)

Guardians of money bristle at Zuckerberg's new financial order (BNN Bloomberg)

Banks worldwide spend US$1 trillion on digital, but few benefit, study finds (Financial Post)

Crypto Regulation To Tighten Scrutiny On Money Laundering (PYMNTS)


Industry Events

July 28-31, 2019
World Credit Union Conference
The Atlantis Resort, Bahamas

September 15-17, 2019
CULA Conference - Transformative Leadership
White Oaks Conference Resort
Niagara-on-the-Lake, ON

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
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Central 1 Credit Union, All rights reserved.

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