The Hub: News & Events for February 18

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February 18, 2020


Central 1 News 

Central 1 agreement with payments fintech advances progress towards meeting payments modernization Lynx timelines

Central 1 has signed an agreement with an innovative fintech in the payments space, Expertus, to ensure it is meets Payments Canada's 2021 timelines for the rollout of Lynx (Canada's new high-value payments system) and the forthcoming ISO 20022 data-rich messaging standard.

Labour Markets - Regional B.C
• Severe weather patterns a drag on January employment
• Hours worked in economy slips three per cent
• Unemployment rate declines, confirming tight labour market

B.C. Economic Briefing
• Weather factors clip housing sector wings in January
• B.C. MLS® sales declined 14 per cent from December
• Market conditions hold firm
• Housing starts dip to lowest level since mid2015
• Non-residential permits decline sharply in December, but construction cycle remains vigorous

Labour Markets - Regional Ontario
•Ontario's private and self-employed sectors led all the growth in hiring in January

Ontario Economic Briefing
• Housing starts increased 21.6 per cent in January mostly due to increased condo apartment construction
• Non-residential building permit volumes increased by 17.0 per cent in 2019
• The average price of a resale home moved up 1.7 per cent to $653,625 and months of supply remained near record low
Central 1 Events
Interested in Letters of Credit?
Register Now for our Webinar and be part of the conversation
Wednesday, February 26, 2020 
1:00 p.m. to 2:00 p.m. ET

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


TSX futures fall as coronavirus fears pull down oil prices (Reuters)

Factory Sales Unexpectedly Drop in Canada to Cap Poor Year (Bloomberg)

Industry News
HSBC to slash investment bank, 35,000 jobs in strategy overhaul (Reuters) 

Canada open banking review to focus on data security (Global Government Forum) 

Information about 69,000 Phoenix pay system victims sent in error (CBC) 

Industry Events

February 19, 2020 
PRMIA Vancouver presents Climate Risk for Investment
SFU Graduate School of Business
Vancouver, BC

March 5, 2020 
Model Risk Management
SFU Graduate School of Business
Vancouver, BC

April 16-17, 2020 
2020 CUMA Annual Conference
Sheraton Cavalier
Saskatoon, SK

May 3-6, 2020 
National Conference for Canada's Credit Unions
Telus Convention Centre
Calgary, Alberta
Registration Opens: February 20, 2020

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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