The Hub: News & Events for May 31, 2019

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May 31, 2019


Central 1 News 

Economic Commentary: More weakness ahead for the Vancouver Metro Market
A price correction is underway in Metro Vancouver's homeownership market which should come as little surprise to anyone following the headlines. In fact, sales levels are approaching levels last seen during the 2008/09 global financial crisis.

ServiceNow will now accept email replies on all ticket types 
(login required) 
Central 1 is pleased to announce an enhancement with our ticketing tool, ServiceNow, which is used for request, incident, trace and other ticket types. 

MemberDirect Advisory: MD Core Release 588 
(login required)  
Central 1 has scheduled a MemberDirect and PaymentStream Direct Core release for June 5, 2019. The release will be performed in a manner that minimizes customer impact by ensuring all servers are updated at different times. The installation will occur at 1 a.m. PT / 4 a.m. ET and may impact your customers for up to 30 minutes.      


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
Sunshine, sports and support for Special Olympics BC (Press release) - from Westminster Savings

Canada's economy grew at 0.4% pace to start 2019, barely ahead of late 2018 pace (CBC) 

Why the Canadian economy seems divorced from traditional signals: Don Pittis (CBC) 

Report suggests Alberta could face 'mild' recession, Atlantic economy will grow (CTV)

Canadian economy posts weakest back-to-back quarters of growth since 2015 (CTV)

Trade war escalation 'major preoccupation' for Bank of Canada: top official (CTV)

First-quarter stall masks underlying strength in Canada's economy (BNN Bloomberg)

Fitch upgrades rating outlook for Ontario from negative to stable (BNN Bloomberg)

Canada's Yield Curve Inverts Most in 12 Years on Trump Tariffs (Bloomberg) 

Canada's top securities regulator to share info with money laundering watchdog to fight terrorism financing (CBC)

'Fake mortgage broker' raked in millions: B.C. regulator (CTV)  

Personal finance
Middle-income Canadians in financial-confidence crisis (Wealth Professional) 

Paving the path forward for Canadian open banking (Globe & Mail)

Why should banks and fintechs work together? (Fintech Futures)


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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