Central 1 Credit Union (Central 1) announced its second quarter 2019 financial results. Financial income more than doubles to $28.7 million, up $15.7 million compared to the same period last year, driven by strong Treasury performance.
• Retail sales soften, driven largely by vehicle purchases • Manufacturing sales decline 0.7 per cent in June on forestry slump • CPI infl ation declines to 2.1 per cent • International tourism elevated despite declines from China • EI counts confi rm tight labour market
• Increased activity in large sectors like transportation equipment lifted total manufacturing sales in June • Tourist visits fell by 1.0 per cent in June due to fewer non-U.S. visitors • Inflation moved up from 2.0 per cent in June to 2.1 per cent in July • Retail sales edged up only 0.1 per cent in June to $19.4 billion • Employment insurance claims increased by 0.6 per cent in June
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