The Hub: News & Events for May 21, 2019

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May 21, 2019


Central 1 News 

Ontario Economic Briefing
  • Ontario's existing homes market woke from hibernation in April
  • Manufacturing sales remained above last year's pace in the first quarter 2019
  • Inflation up slightly to 1.9 per cent in April from 1.8 per cent in March
  • Non-residential permit volumes increased by 5.3 per cent in March 
  • New car sales increased robustly in March after two relatively weaker months of sales to start 2019  

B.C. Economic  Briefing
  • Metro Vancouver drags on B.C. home sales in April
  • New vehicle sales climb in March, trend remains negative
  • Manufacturing activity up sharply in March
  • Inflation edges higher
Cyber Security – Brute Force Update  (login required)
Central 1 has identified a recent increase in cyber fraud activity that is similar to what was experienced between November 2018 and February 2019. As always, we encourage all financial institutions to proceed with urgency on your roadmaps to enhance and implement login controls to ensure your members are effectively protected from online threats. Our suite of security tools can be reviewed at Cyber Security Solutions.   


Central 1 Events

June 12, 2019
User Sessions Spring Webinar  

September 8-10, 2019
Momentum Summit & Trade Show
Westin Harbour Castle, Toronto
Button to Credit Union Careers
Button to Central 1's Economic Insights
Button to our Annual Research Package

Industry News

Credit unions
BlueShore Financial's Positive Credit Rating Confirmed by DBRS (Press release)

A 'made in Canada' approach is the best way forward to an open banking system (Globe & Mail)

The Work Remains The Same: Scalable Leadership For Financial Industry Leaders (Forbes)

Are Digital Payments Killing ATMs? Some Researchers Say Yes, But the Debate Isn't Closed (Digital Transactions)

Money laundering
The disturbing question of why Canada's done so little to end money laundering: Don Pittis (CBC)

Some provinces skeptical after money laundering wake-up call (CBC)

Money laundering 'not just a B.C. problem': ex-deputy attorney general and report author (Vancouver Sun)

Housing/Real Estate
IMF warns easing Canada's housing rules would be 'ill-advised' (BNN Bloomberg)

Canada's Mortgage Rates Are Coming Down, With Record Lows For 10-Year Loans (Huffington Post)


Poloz Says a Second Term as Bank of Canada's Governor Is Option (Bloomberg)

Bank of Canada's Poloz Says Trade War Effects Have Been Modest (Bloomberg)

Poloz Sees Higher Rates as the 'Natural Tendency' for Canada's Economy (Bloomberg)


Industry Events

June 9-14, 2019
CanadaDE Credit Union Leadership Program
Saint Mary's University
Halifax, NS

June 10, 2019
OCUF Golf Classic & Culinary Class
Markland Wood Golf Club, Toronto, ON

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
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Central 1 Credit Union, All rights reserved.

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