The Hub: News & Events for July 17, 2019

View this email in your browser July 17, 2019   Central 1 News  Hub Survey 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. 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 forward. Central 1 Events July 17, 2019 Information session: Green lending partnership opportunity with B.C. Government 2:00 - 3:00 PM PST 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 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) Economics 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) Industry Cryptocurrencies, digital tax top the agenda for G-7 meeting (Canadian Business) Technology 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 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 Have some credit union news or events? To submit items email newslist@central1.com *please include an URL to the requested item Copyright © 2018 Central 1 Credit Union, All rights reserved. Unsubscribe from The Hub The Hub is brought to you by Member & External Communications. Questions or feedback regarding The Hub? Email communications@central1.com. Unsubscribe from all commercial messages from Central 1  Please note: this option will remove you from all future Central 1 communications. Should this message not be applicable to you, we encourage you to unsubscribe from this list only.

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