Bank of Canada Rate Alert Bank of Canada expected to cut as Covid-19 drags on economy. The U.S. Fed surprised the market this morning with an emergency rate cut of 50 bps, cutting the target for the federal funds rate to a range of 1 – 1.25 per cent in light of coronavirus risks. The move is likely geared at soothing consumer and business sentiment, with lift to the real economy modest. This likely guarantees a cut to the Bank of Canada's target overnight on Wednesday March 4 from 1.75 per cent to 1.50 per cent in response to a hit to the global economy from Covid-19 and as part of a broader response from major central banks and governments around the world to shore up the economy.
Now Available: Letters of Credit Webinar Recording On February 26, Central 1's Credit Union Lending team, in partnership with Royal Bank of Canada, hosted a webinar that provided background on the types of Letters of Credit offered through Central 1, the benefits and challenges of dealing with Letters of Credit, the legal aspect, and the issuance and claims process.
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
Now accepting scholarship apps Celebrating 40 years of service -- A loan to an innovative company -- Affording your dream home -- Mergers and a new branch in Raleigh View this email in your browser Forward to a friend
Your Market News update for May 30, 2019 | View online Market News News that's moving the market now As Trade-War Worries Linger, Market Seems to Lack Buying Conviction May 30, 2019 8:40 AM | JJ Kinahan 6 min read | Daily Market Update