The Hub: News & Events for March 2

View this email in your browser 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 Industry News Economics 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 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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