The Hub: News & Events for May 13, 2019

View this email in your browser May 13, 2019   Central 1 News      B.C. Economic Briefing B.C. employment up by 5,900 persons in April Housing starts surge in April Merchandise exports improve in March Ontario Economic Briefing Unemployment edged up to 6.0 per cent in April Housing starts up by 46.1 per cent in April Trade deficit declined in March due to less imports and unchanged exports Toronto home sales up but price growth meek, buyers remain selective Payment Solutions Manual: Mobile Deposit File Specifications Update (login required) ​We rebranded the document and renamed it to "Mobile Deposit File Specifications for Financial Institutions."  Decrease in Manitoba Resale Sales Tax (login required)  The Government of Manitoba announced the decrease to the Retail Sales Tax (RST) rate during the provincial budget address on March 7, 2019. As such, CMHC will be collecting 7% RST on premiums and applicable surcharges for mortgage loan insurance policies for properties located in Manitoba with a closing date or funds advanced on or after July 1, 2019.    Central 1 Events September 8-10, 2019 Momentum Summit & Trade Show Westin Harbour Castle, Toronto   Industry News Credit unions Alterna's Toronto Corporate Office Moves to Downtown Toronto (Press release) Fraud Go Public: RBC customer out of pocket after fraud: what you need to know if you e-transfer money (CBC) 'An incredibly troubling notion': Drastic new tool to fight money laundering alarms civil rights advocates (CBC) Housing/Real Estate Interest-Only Mortgages Have Come To Canada, But Do We Really Need This 'Innovation'? (Huffington Post) Banking The two biggest innovation killers in banking (CU Insight) Editorial: Shadow-banking interest alert (Business in Vancouver) Economics Canadian dollar looks 'egregiously' undervalued, Scotiabank says (BNN Bloomberg) Consumer Insolvencies in Canada Climb to Highest in 8 Years (Bloomberg) Meet the Front-Runners to Succeed Poloz as Bank of Canada Chief (Bloomberg) After Tough Winter, Canada's Economy Shows Signs of Strength (Bloomberg) Five issues Canada needs to address if it wants to attract foreign capital (Financial Post) Where are Canadian interest rates heading in 2019? It depends on who you ask (Livabl)   Industry Events June 9-14, 2019 CanadaDE Credit Union Leadership Program Saint Mary's University Halifax, NS July 28-31, 2019 World Credit Union Conference The Atlantis Resort, Bahamas   September 15-17, 2019 CULA Conference White Oaks Conference Resort Niagara-on-the-Lake, ON (Save the date) October 3 – 5, 2019 35th Annual Credit Union Directors' Forum   "Good Governance: The Future of Ontario's Credit Unions" Hilton Mississauga/Meadowvale 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.

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