The Hub: News & Events for March 14, 2019

View this email in your browser Central 1 News you need to know B.C. economy faces the ripple effect of the housing downturn In this latest economic forecast, providing a deep dive into current economic trends, Central 1 Deputy Chief Economist, Bryan Yu says that economic growth is being held hostage by the housing market slump, which is deeper than previously forecast. B.C.'s economy will face weak economic growth for the next three years.  Payment Solutions Manual: Central 1 File Specifications Part Update (login required)  We updated the Central 1 File Specifications Part to reflect the changes to Canadian AFT Clearing Files for BC and Ontario for the AFT 3rd file exchange. This corresponds with the same changes that were previously published in other Parts of the Payment Solutions manual with Release 18:24, Automated Funds Transfer (AFT) 3rd File Exchange Updates.      Central 1 Events March 26, 2019  2019 Spring Contact Meeting: Ottawa  Alterna Savings Boardroom  Ottawa, ON    March 27, 2019  2019 Spring Contact Meeting: London  Four Points by Sheraton   London, ON    March 28, 2019  2019 Spring Contact Meeting: Toronto  Toronto Airport Marriott Hotel  Toronto, ON  April 24-25, 2019 Central 1 Member Forum Sheraton Vancouver Wall Centre April 25, 2019 Central 1 AGM Sheraton Vancouver Wall Centre September 8-10, 2019 Momentum Summit & Trade Show Westin Harbor Castle, Toronto (Save the date) Industry News Credit unions Kingston Community Credit Union shares its profits with members: Local financial cooperative records strong growth in 2018 (Press release) Personal finance Statistics Canada says household debt grew faster than income in fourth-quarter (CBC) Canadians' Net Worth Slides Amid Falling Stocks, Historic Drop In Real Estate (Huffington Post) Economics Consumer debt stabilizing, but Canadian banks face 'significant' risk if economy goes south, Moody's warns (Financial Post) Bank of Canada to hold interest rates through 2020: TD Securities (BNN Bloomberg) Federal budget expected to have more wiggle room, even with weaker outlook (BNN Bloomberg) Banking Canada's Big 5 bank CEOs pay rises 6.5% to $54M in 2018 (CBC) Housing Housing affordability is getting worse even though prices are falling. How is that possible? (Financial Post)   Industry Events March 27-29, 2019 Ontario Credit Union Conference Toronto Airport Marriott Hotel April 23, 2019 Credit Union Foundation of BC AGM (2:00 pm) Stabilization Central Credit Union of B.C. AGM (3:00 pm) Sheraton Vancouver Wall Centre (Save the date) May 5-8, 2019 2019 National Conference for Canada's Credit Unions Winnipeg Convention Centre September 15-17, 2019 CULA Conference White Oaks Conference Resort Niagara-on-the-Lake, ON (Save the date) October 21-22, 2019 Everlink Connections 2019 Hilton Toronto 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.

This email was sent to central1@banking.offers.report why did I get this?    unsubscribe from this list    update subscription preferences Central 1 Credit Union - Member & External Communications · 1441 Creekside Drive · Vancouver, Bc V6S 4J7 · Canada