The Hub: News & Events for January 21

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January 21, 2020

 

Central 1 News

 
B.C. Economic Briefing
• Rise in second half activity keeps MLS® sales level in 2019
• Improving sales momentum, low inventory driving prices higher
• Renters see little relief despite increase in rental housing stock in 2019
• B.C. rental vacancy rates nearly unchanged at 1.5 per cent
• Rent growth slips to 4.2 per cent but outpaces inflation

Labour Markets - Regional B.C
• B.C. employment extends declines into December
• Stumble points to weaker economic activity, but labour market remains tight
• Unemployment rate eases to 4.8 per cent
• Regional employment growth in 2019 led by Lower Mainland – Southwest and Thompson-Okanagan

Ontario Economic Briefing
• Business investment, household consumption, and exports supported economic growth in Ontario.
• Ontario's housing market rebounded strongly in 2019; sales climbed 8.9 per cent.
• Ontario's purpose-built average monthly rent jumps by 6.2 per cent in 2019 marking the tenth consecutive year of rent increases of 2.5 per cent or more.

Labour Markets - Regional Ontario

Strong job growth in services lifted total hiring in Ontario, offsetting headwinds in goods sector hiring in 2019







 
Central 1 Events
 
Candidate Information Session
2020 Director Nominations and Elections process
Monday, January 27, 2020
10:00 a.m. - 11:00 a.m. (PT) / 1:00 p.m. - 2:00 p.m. (ET)
Join Microsoft Teams Meeting
+1 604-900-0105 Canada, Vancouver (Toll)
+1 647-749-7010 Canada, Toronto (Toll)
(833) 724-8264 Canada (Toll-free)
Conference ID: 195 985 943#

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
Forge
Button to our Annual Research Package

Industry News


Economics 
Loonie Loses Its Mojo Ahead of Bank of Canada Rate Decision (Bloomberg)

TSX falls as gold, energy stocks weigh (Reuters) 

UN report: half a billion people struggle to find adequate paid work (The Guardian) 

Security
Fraud suspects have spent $28K using stolen bank cards, RCMP say (CBC)

Technology 
Wealthsimple launches its first spending account (Press Release)

UK cyber security start-up Snyk valued at $1bn in funding round (The Telegraph) 

 

Industry Events

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

Terminal City Club
Vancouver,  BC


Save the date: Sunday, May 3 - Wednesday, May 6, 2020 
National Conference for Canada's Credit unions
IMPACT2020
Telus Convention Centre
Calgary, Alberta
Registration Opens: February 20, 2020 (link to follow)
 

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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Central 1 Credit Union - Member & External Communications · 1441 Creekside Drive · Vancouver, BC V6S 4J7 · Canada

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