The Hub: News & Events for February 18

View this email in your browser 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 Industry News Economics 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)  Security 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 IMPACT2020 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     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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