The Hub: News & Events for March 2

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March 2, 2020


Central 1 News 

B.C. Employment Insurance Trends
B.C. unemployment trends showed some cracks in December as employment insurance (EI) counts rose following a November dip while the number of claims received posted the strongest single-month increase since August 2018. 

B.C. Economic Briefing
• Average weekly earnings unchanged in December
• Small business confidence remains subdued in February
• Capital investment expectations for 2020 up 7 per cent 

Ontario Employment Insurance Trends
December Employment Insurance (EI) beneficiaries declined by 0.1 per cent or 80 net beneficiaries. This was due to an increase of 630 net new beneficiaries in census metropolitan areas which partially offset the decline of 710 beneficiaries in census agglomerations and rural areas combined.

Ontario Economic Briefing
• Lower average weekly earnings growth in services put a lid on overall average weekly wage growth in December
• Transportation equipment manufacturing falls robustly to close out 2019
• February's small-business confidence index reached highest level in a year 
Central 1 Events

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

Investors bet on Bank of Canada rate cut this week as virus spooks markets (Reuters)

Central banks vow to act as OECD warns world economy faces 'greatest danger' since the financial crisis (Financial Post)

IMF, World Bank say ready to address economic challenges of coronavirus (Reuters)

Canadian factory activity increases at fastest rate in a year (Reuters)

Global Manufacturing Shrinks Most Since 2009 on Virus Pain (Bloomberg)

Brexit Trade Talks Begin as Officials Warn of Risk of Breakdown (Bloomberg)

Technology News
British fintech Revolut hits $5.5 billion valuation after funding round (Reuters)

Switzerland files criminal complaint over Crypto spying scandal (Reuters) 


Industry Events

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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