The Hub: News & Events for July 24, 2019

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July 24, 2019


Central 1 News 

Central 1 report finds slower growth for Ontario housing market- press release
Ontario's housing market will grow modestly over the forecast period due to the lingering effects of restrictive, federal mortgage policies and external geopolitical trade uncertainty, according to Central 1 Credit Union's (Central 1's) latest report.

Alterna Bank Launches a New Mobile Experience- press release featuring Central 1's Forge Digital Banking
With today's launch by Alterna of its new Forge mobile app, two of the three Forge Platform retail banking channels are now fully launched and in use by Canadian credit union members. 

FX Notes Plus: Changes to delivery provider effective July 31, 2019 - login required
In addition to the changes announced in a previous communication, Exchange Bank of Canada (EBC) has notified that the following change will become effective July 31, 2019

Nominations Extended: Submit amazing work for the First Annual Central 1 AmpliFI Awards  
Maybe you created an innovative new product or program to help your community. Or perhaps you went outside the box with a spiffy new customer acquisition strategy. Well, we want to "AmpliFI" the great work being done by financial institutions across Canada with the first annual Central 1 AmpliFI Awards! 
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
Online banking, low profits cited for closure of historic credit union (CBC) 

IMF cuts growth forecast, warning that tariff wars and Brexit could do even more damage (Financial Post)

Innovation Energy: The hot new fuel that could bring jobs and growth back to Canada's oilpatch (Financial Post)

Housing / real estate
Vaughn Palmer: Spike in housing starts boosts NDP, but could be just a spike, analyst warns (Vancouver Sun) - featuring Central 1's Deputy Chief Economist Bryan Yu

Is the worst over for Vancouver's housing market? (Livabl) - featuring Central 1's Deputy Chief Economist Bryan Yu

Ontario market forecasted to grow through 2021 (Mortgage Broker News) - featuring Central 1

Investor-driven condos forecasted to fill housing gap through 2021 (Canadian Real Estate Wealth)  - featuring Central 1

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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