The Hub: News & Events for March 4

View this email in your browser 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 Industry News Economics '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 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 © 2020 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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