The Hub: News & Events for October 28, 2019

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October 28, 2019


Central 1 News

B.C. Economic Briefing

• Retail spending climbs 0.8 per cent in August
•Steady employment insurance counts align with low unemployment, but claims rise
• International tourists hold up at elevated levels despite fewer visitors from China

Ontario Economic Briefing

• Tourist visits grew very modestly in August due to a large drop in U.S. visitors
• A general drop in retail sales, not only in Toronto, pulled down Ontario sales in August
• Over 1,700 fewer people on Employment Insurance benefits in August

Remembrance Day Holiday Cash Orders through Secure Site (B.C. and Ontario)- login required

Central 1 will be closed on Monday, November 11, 2019 to observe the Canadian federal statutory holiday.

Return Processing for Remembrance Day Holiday - ALL 2019 - login required

For a detailed listing of Cheque Return Processing and AFT processing timeframes for B.C. and Ontario during the upcoming Remembrance Day holiday, please see the following document. 

MemberDirect Advisory: MD Core Release 599 - login required

Central 1 has scheduled a MemberDirect and PaymentStream Direct Core release for November 6, 2019. The release will be performed in a manner that minimizes customer impact by ensuring all servers are updated at different times. The installation will occur at 1 a.m. PT / 4 a.m. ET and may impact your customers for up to 30 minutes. 
Central 1 Events
October 28-29, 2019
PeopleFocus 2019
Coast Coal Harbour Hotel, Vancouver

November 12, 2019
Ottawa Contact Meeting
319 McRae Ave, Unit 1, Ottawa,
Save the date
November 13, 2019
London Contact Meeting
Four Points by Sheraton, London
Save the date
November 14, 2019
Toronto Contact Meeting
Sheraton Toronto Airport Hotel & Conference Centre
Save the date
Button to Credit Union Careers
Button to Central 1's Economic Insights
Button to our Annual Research Package

Industry News

Credit Union News

WFCU Credit Union Brings Halloween to Windsor-Essex Community with the First-Ever WFCU Credit Union Trick-or-Trot (Press Release)


TSX climbs on U.S.-China trade deal hopes (Reuters)

Loonie Vies for G-10 Currency Crown Ahead of Bank of Canada Decision (Bloomberg)

Stagnant Wages, Part-Time Workers Widen U.S.-Canada Income Gap (Bloomberg)

Central bank must plot course for a divided Canada: Don Pittis (CBC)


Bitcoin holds ground after China voices support for blockchain (Reuters)


UniCredit unveils 2015 data breach involving 3 million Italian clients (Reuters)


Burned in 2008, Americans Are Refusing to Tap Their Home Equity (Bloomberg)

Industry Events

November 5-6 2019
Backbase Connect 2019

Beurs van Berlage Damrak
Amsterdam, The Netherlands

December 3, 2019
Annual Credit Union Forum & Holiday Luncheon

Liuna Station
Hamilton, ON
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Central 1 Credit Union, All rights reserved.

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