The Hub: News & Events for June 10 2019

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June 10, 2019


Central 1 News 

  • Unemployment rate fell from 6.0 per cent in April to 5.2 per cent in May
  • Ontario exports increased by 3.4 per cent in April, negative trade balance declines slightly
  • price growth in Toronto's resale market was 3.1 per cent in MayAverage
  • B.C. unemployment rate dips to 4.3 per cent on solid job gains
  • Lower Mainland home sales less terrible in May
  • Goods exports dip in April
  • B.C. lumber production plunges in early 2019

CMHC Advisory: Enhancements to the Handbook for CMHC Approved Lenders (login required) 
CMHC has announced that an updated edition of the Handbook for CMHC Approved Lenders Part 2: Multi-Unit Insurance is available on CMHC's secure website, emiliWEB, as of June 5, 2019.     
Central 1 Events

June 12, 2019
User Sessions Spring Webinar  

September 8-10, 2019
Momentum Summit & Trade Show (including AmpliFI Awards Ceremony)
Westin Harbour Castle, Toronto


October 28-29, 2019
PeopleFocus 2019
Coast Coal Harbour Hotel, Vancouver

Button to Credit Union Careers
Button to Central 1's Economic Insights
Button to our Annual Research Package

Industry News

Credit unions
Coastal Community brings back movies under the stars with Sunset Cinema (Press release)

G20 finance chiefs to warn of trade risks, but differ on how 'pressing' they are (CBC)

Rift between U.S., other countries noticeable as G20 finance ministers meet (CTV)

Why the next recession will hit Canadians harder than Americans (BNN Bloomberg)

Blockchain benefits limited for retail banks - report (FinExtra)

Housing / real estate
Pace of Canadian home construction slowed in May, CMHC says (CBC)

Is the mortgage stress test making Toronto's housing crisis worse? (The Star)

Personal finance
I'm a Broke Millennial. Should I Declare Bankruptcy? (Vice)

Manulife Bank out to poach millennials from the Big Five with targeted digital banking packages (Financial Post) - video 

Should You Be Taking Your Business Cashless? (Forbes)

Amazon Launches Card For Prime Users With Bad Credit (PYMNTS) 


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 - Transformative Leadership
White Oaks Conference Resort
Niagara-on-the-Lake, ON

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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