The Hub: News & Events for July 15, 2019

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July 15, 2019


Central 1 News 

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The Hub daily e-newsletter offers a selection of news items from Central 1, as well as other news in the financial services industry.  We are seeking your input to ensure The Hub information is of value to you. The survey will only take a few minutes.

MemberDirect Advisory: Browser and operating system support effective July 2019   -login required
This advisory is for all MemberDirect® clients. Central 1 regularly reviews browser and operating system adoption metrics to ensure that the popular browsers and operating systems used by your members are supported. 

Advisory: Online International Remittance Changes to Fraud Warning    -login required
Western Union has had a regulatory requirement imposed upon them by the Federal Trade Commission regarding the fraud warning disclosure displayed to customers. As our partner for Online International Remittance (OIR), Western Union has asked us to make the following changes to the OIR application, effective July 17, 2019. 

B.C. Weekly Economic Briefing
  • B.C. housing starts post a blow out month in June but pull back expected
  • Urban area starts up 18 per cent through mid-year
  • Non-residential permit trend positive despite second straight decline
  • Employment eases in June, but up 4.4 per cent from 2018
  • Unemployment rate low at 4.5 per cent but edged higher from May
  • Vancouver metro outperforms rest of the province
  • Mixed performance among sectors
  •  First half housing starts in Ontario are lagging last year's pace by 20.8 per cent
  • Higher building intentions in May of institutional spaces could not offset the declines to commercial and industrial building intentions
  • Ontario shed 7,000 net jobs in June 
Central 1 Events

July 17, 2019
Information session: Green lending partnership opportunity with B.C. Government
2:00 - 3:00 PM PST

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

Temporary foreign workers needed to grow processed-foods sector, says Senate report (CBC)

Loonie steadies near nine-month high as home sales dip (Reuters)

Bitcoin is sliding as fears of a crypto crackdown grow over Facebook's planned digital coin (Financial Post)

Desjardins to offer all members free, lifelong protection after data breach (CBC)

Housing / real estate
Canadian Housing Market Gets 'Boring' With Sales Little Changed (Bloomberg)

Home sales edge higher in June, with strong gains in Ontario, Quebec (CBC)

Toronto Set for Record Apartment Surge After Rent Control Lifted (Bloomberg)


Industry Events

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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Central 1 Credit Union - Member & External Communications · 1441 Creekside Drive · Vancouver, BC V6S 4J7 · Canada


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