The Hub: News & Events for December 23

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December 23, 2019


Central 1 News

Interest Rate Forecast

• Market uncertainty falls with trade deals and Brexit outcome
• Early signs of better global economy ahead
• Bank of Canada on hold through 2020
• Canada's bond yield curve to turn positive 

B.C. Economic Briefing

• B.C. retail sales set for weakest annual performance since 2009
• Buyers returning to the housing market in Metro Vancouver
• Pace of hiring growth moderates; employees continue to enjoy pay hikes
• Manufacturing sales slumped in October due to weak forestry sector
• B.C. leads population growth charge

Ontario Economic Briefing

• Tight housing market lifted average home price by 1.0 per cent in November
• Weaker durable and non-durable sales pulled down total sales by 3.1 per cent in October
• Inflation came in at 1.9 per cent in November
• Strong hiring in the services-sector boosts overall non-farm payroll hiring in Ontario
• Ontario's population increased 1.8 per cent year-over-year by the start of the fourth quarter 2019
• Retail sales fell by 2.0 per cent in October

Please note The Hub will be on a holiday hiatus from December 24 - January 3. From all of us at Central 1, we wish you Happy Holidays!

Central 1 Events
Member Forum & AGM 2020
Central 1 members are invited to join us for two days of interactive sessions on current and emerging issues for credit unions in Canada.
April 27 & 28
The Westin Ottawa
Ottawa, ON

Momentum 2020
Momentum is an opportunity to discuss the tremendous disruption facing the financial services industry and collaborate on collective strategies.
September 20 – 22
Parq Vancouver
Vancouver, BC
Button to Credit Union Careers
Button to Central 1's Economic Insights
Button to our Annual Research Package

Industry News

Credit Union News
Nominated Family Surprised with Shuswap Christmas Car Giveaway (Press Release) 

Canada economy shrinks for first time in eight months, hit by U.S. auto strike (Reuters) 

TSX futures inch up as gold prices rise (Reuters)  

Technology News
Global use of Libra, other stable coins could curb yuan's internationalization: PBOC (Reuters) 

Security News
Andrew Agencies knew about cyberattack for 2 months before public disclosure (CBC)

Industry Events

January 27, 2020
Co-op & Credit Union Governance Summit

Terminal City Club
Vancouver,  BC

June 7-12, 2020
Credit Union Development Education Leadership Program

Saint Mary's University
Halifax, NS


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Central 1 Credit Union, All rights reserved.

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