The Hub: News & Events for July 23, 2019

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July 23, 2019


Central 1 News 

B.C. Economic Briefing 
• Retail sales edge lower in May, weak trend
• June MLS® home sales slip after May rebound
• Drop in metal production curtails manufacturing activity
• Consumer price infl ation steady at 2.6 per cent

Ontario Economic Briefing
• Increased supply loosened Ontario's existing
homes market in June
• Infl ation slowed down to 2.0 per cent in June
• Manufacturing sales increased by 2.7 per cent
in May
• Retail sales grew by 0.5 per cent in May
• Ontario economy experienced weakest
quarter-growth in the fi rst quarter of 2019 since
the second quarter of 2016 

Order the last ever credit union collectible! - login required
On the 15th anniversary of our collectible initiative, Central 1's Marketing & Research team is excited (and a little sad) to welcome the last member of our credit union collectible family – Gander the Goose!

Operations Manual Program: Common Reporting Standard Legal Considerations, Revised (Ontario Releases) - login required
A section for Common Reporting Standard (CRS) has been added to the Legal Considerations Chapters in the Business Accounts Part and the Trust Accounts Part.

MemberDirect: Update to the ISO8583 Implementation Guide for Interac e-Transfer® Enhanced User Features  - login required
We updated the ISO8583 Implementation Guide for Interac e-Transfer Enhanced User Features (EUF) to remove invalid content on AutoDeposit registration, add information for banking hosts on duplicate transactions, and update the description of Field Bit 3 in Data Element 123-127. For more information, refer to the What's New section in the document. 
Central 1 Events

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

September 10, 2019
Central 1 ISO 20022 Workshop 
Westin Harbour Castle, Toronto

 3:00 PM – 5:30 PM EDT

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 Union News
Nanaimo house fire displaces family of seven Syrian refugees (CTV) - features Coastal Community Credit Union

Cannabis Draws More U.S. Bankers as Deals Flow Away from Canada (Bloomberg)

A Decade of Low Interest Rates Is Changing Everything (Bloomberg)

Women are making inroads in the trades but still have a way to go (CBC)

Huawei hit with security questions as it unveils high-speed rural internet project (CBC)

Housing / real estate
Canadians have been using their homes like ATMs for years. Is that beginning to change? (Livabl)


Industry Events

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

September 15-17, 2019
CULA Conference - Transformational 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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