The Hub: News & Events for November 21, 2018

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Central 1 News you need to know

Goodbye Vancouver. Canada's Great Housing Boom Is Shifting North (Bloomberg, mentions Central 1)
Forget Vancouver. British Columbia's housing boom is set to shift to the province's rugged north as Royal Dutch Shell Plc's $31 billion liquefied natural gas project sparks an economic boom in the remote region.

LNG, pipeline star in B.C. economic outlook (Vancouver Sun, interview with Bryan Yu, Central 1's deputy chief economist)
Weak housing cycle to constrain growth in larger urban areas as construction falls, but general economic trends remain solid.

Housing market slowdown dragging on B.C. economy: report (Western Investor, mentions Central 1)
Forecast blames expected contraction in B.C.'s economic growth in 2019 squarely on reduction in residential real estate market activity.

New CRTC Guidance on CASL Compliance and Enforcement (log in required)
On November 5, 2018, the Canadian Radio-television and Telecommunications (CRTC)  released Compliance and Enforcement Information Bulletin CRTC 2018-415 (Information Bulletin) setting out guidelines on the Commission's approach to compliance, penalties and facilitating the commission of an offence under section (s.) 9 of Canada's Anti-Spam Legislation (CASL).

PaymentStream™ Services Manual: Currency Ordering System (BC) Part Update (log in required)
We revised procedures to indicate that credit unions no longer send contaminated and/or mutilated coin to the Royal Bank Cash Services Centre. Instead, credit unions will report issues with contaminated and/or mutilated coin to Central 1.
Central 1 Events

November 27-28, 2018
The User Sessions: Fall Webinar Series
10:30 am - 12:30 pm PST

November 29, 2018
Central 1 Q3 Webinar
10:00 am - 11:00 am PT

April 24-25, 2019
Member Forum 
Sheraton Vancouver Wall Centre

(Save the date)

April 25, 2019
Central 1 AGM
Sheraton Vancouver Wall Centre

(Save the date)

September 8-10, 2019
Momentum Summit & Trade Show
Westin Harbor Castle, Toronto

(Save the date)


Industry News

Strong economy gives Canada room for tax breaks in fiscal update (BNN Bloomberg)

Child care called key to ending child poverty (The Star)

Mortgage stress test vs. high interest rates: which has impacted the Canadian housing market more? (Livabl)


Top three tech trends disrupting the payments industry (Innovation Enterprise)

Sweden's push to get rid of cash has some saying, 'not so fast' (The New York Times)

Personal Finance
Nearly 25% of Gen X believes it's 'nearly impossible' to pay off debt: survey (Yahoo! News)


Greater fool theory comes back to haunt bitcoin and tech stocks: Don Pittis (CBC)


Worst may be yet to come for cannabis execs, pot users looking to cross Canada-U.S. border, experts say (CBC)

Pot Is Becoming an Earner for Once Reluctant Toronto Law Firms (Bloomberg)

Industry Events

November 27-29, 2018
Real Estate Forum
Metro Toronto Convention Centre

January 23-24, 2019
A Shared Vision
Delta Ottawa City Centre

March 27-29, 2019
(Save the Date)
Ontario Credit Union Conference
Toronto Airport Marriott Hotel

May 5-8, 2019
(Save the Date)
CCUA National Conference
Winnipeg Convention Centre



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Central 1 Credit Union, All rights reserved.

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Central 1 Credit Union - Member & External Communications · 1441 Creekside Drive · Vancouver, Bc V6S 4J7 · Canada


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