The Hub: News & Events for January 21

View this email in your browser 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 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     Have some credit union news or events? To submit items email newslist@central1.com *please include an URL to the requested item Copyright © 2018 Central 1 Credit Union, All rights reserved. Unsubscribe from The Hub The Hub is brought to you by Member & External Communications. Questions or feedback regarding The Hub? Email communications@central1.com. Unsubscribe from all commercial messages from Central 1  Please note: this option will remove you from all future Central 1 communications. Should this message not be applicable to you, we encourage you to unsubscribe from this list only.

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