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
Button to Credit Union Careers
Button to Central 1's Economic Insights
Button to our Annual Research Package

Industry News

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) 

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

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
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


Join our Mailing List
Have some credit union news or events?
To submit items email
*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
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.

This email was sent to
why did I get this?    unsubscribe from this list    update subscription preferences
Central 1 Credit Union - Member & External Communications · 1441 Creekside Drive · Vancouver, BC V6S 4J7 · Canada


Popular posts from this blog

Acquisitions or Alliances: What's Your Growth Strategy?