The Hub: News & Events for July 17, 2019

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July 17, 2019


Central 1 News 

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B.C. Economic Commentary 
B.C. forestry sector has experienced a sea change in
market conditions over the past year. Following solid
expansion for most of 2018, the bottom has fallen out
of the proverbial barrel. Weaker export demand, lower
lumber prices, ongoing softwood lumber tariffs, and
timber availability constraints have led to a downturn
in the sector. At least five mills in the province have
announced, or already shut down permanently in 2019,
including Canfor's Vavenby mill, West Fraser's 100
Mile House operations and Norbord OSB, also in 100
Mile House. A raft of other lumber and pulp mills have
taken downtime or curtailed the number of hours or
shifts. This note provides a snapshot of the current state of the sector and potential impacts of the downturn going
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

Credit Unions
Why wealthy people need to follow a budget, too (Globe and Mail) -features Blue Shore Financial 

Cape Bretoners rally to save historic credit union branch (CBC)

Cheaper energy pulls Canada's inflation rate down to 2% in June (CBC)

IMF Warns Rising Trade-War Risk is Weighing on Global Economy (Bloomberg)

Cryptocurrencies, digital tax top the agenda for G-7 meeting (Canadian Business)

Fear of Facebook's Libra Unites Officials at Fractious G-7 (Bloomberg)

Vendasta secures largest-ever venture-capital investment in a Saskatchewan tech company (Globe and Mail) - features Conexus Credit Union 


Fraud allegations surround cryptocurrency offering (Business in Vancouver)

Housing / real estate
A Toronto suburb is the only housing market in Canada with a benchmark price of over $1 million (Livabl)


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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