The Hub: News & Events for March 4

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March 4, 2020


Central 1 News 

Bank of Canada cuts by 50 bps
The Bank of Canada pulled the trigger on a full 50 bps cut to the target overnight rate today to 1.25 per cent, matching yesterday's surprise inter-meeting cut of 50 bps by the U.S. Fed. This was the first cut since 2015. The Bank's statement cited COVID-19 as "a material negative shock" to the Canadian and global outlooks as a driver of the decision.

Intercept Marketing Preview: Campaign Manager Enhancement
Central 1 is releasing a new way to preview Intercept Marketing Campaigns in PaymentStream™ Direct. 

Special Economic Measures Act/Canadian Sanctions: March 3, 2020
Canadian Credit Union Association (CCUA) Regulatory Compliance supports the reporting requirements under the Special Economic Measures Act, the United Nations Act and the Freezing Assets of Corrupt Foreign Official Act. 

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

'Pessimistic' Bank of Canada Sends Yields Plunging to Record Low (Bloomberg)

Futures rise on higher oil prices; BoC rate decision awaited (Reuters)

Canadian labor productivity shrinks 0.1% in fourth quarter (Reuters)

Credit Union News
Fun and funds raised for Special Olympics BC at Polar Plunge (Press Release)

Industry News
Shortage of Chinese parts caused $50 billion fall in February's global exports: U.N. (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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