The Hub: News & Events for January 13

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January 13, 2020


Central 1 News

Payment Solutions Manual: PaymentStream™ Direct Part Update (Login required)
PaymentStream Direct users can add and delete Canada Revenue Agency (CRA) accounts for tax payment and filing purposes on behalf of a member for the following five forms. 

B.C Economic Briefing (by Central 1 deputy chief economist Bryan Yu)
  • B.C. employment declines extend into December
  • Housing starts reach record high in 2019 due to Metro Vancouver strength
  • Lower Mainland home sales rise in December; market conditions tighten
  • Exports decline 14 per cent in November
  • Mild relief in October lumber production is likely temporary
Ontario Economic Briefing (by Central 1 regional economist Edgard Navarrete)
  • Ontario's unemployment rate fell from 5.7 per cent to 5.5 per cent in 2019
  • Ontario housing starts fell by 12.8 per cent in 2019 to 68,941 units
  • Average price and sales in Toronto's housing market increased significantly in 2019
  • Lower commercial and institutional building intentions pulled down non-residential building intentions in November
  • Exports in Ontario were down for the second consecutive month in November
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
Tandia Financial Credit Union Opens New Corporate Office in Burlington (Press Release)

Bank of Canada survey says business confidence is up (CBC)

Businesses more upbeat as trade tensions ease, Bank of Canada finds (Financial Post)

Oil remains a pillar of Canada's economy, but it's the digital economy that's driving growth (Financial Post) 

Real Estate 
Vancouver home sales rose 3 per cent in 2019 (Globe and Mail, login required)

Toronto's housing prices expected to accelerate further this year: TREB (Daily Hive) 

Banks challenge Canadian post-secondary students to create cyber solutions (IT World Canada)

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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