The Hub: News & Events for August 26 2019

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August 26, 2019


Central 1 News 

Strong Treasury Earnings in the Second Quarter of 2019 Furthering Strategic Investments

Central 1 Credit Union (Central 1) announced its second quarter 2019 financial results. Financial income more than doubles to $28.7 million, up $15.7 million compared to the same period last year, driven by strong Treasury performance. 

B.C. Economic Briefing

• Retail sales soften, driven largely by vehicle purchases
• Manufacturing sales decline 0.7 per cent in June on forestry slump
• CPI infl ation declines to 2.1 per cent
• International tourism elevated despite declines from China
• EI counts confi rm tight labour market

Ontario Economic Briefing

• Increased activity in large sectors like transportation equipment lifted total manufacturing sales in June
• Tourist visits fell by 1.0 per cent in June due to fewer non-U.S. visitors
• Inflation moved up from 2.0 per cent in June to 2.1 per cent in July
• Retail sales edged up only 0.1 per cent in June to $19.4 billion
• Employment insurance claims increased by 0.6 per cent in June


Central 1 Events
August 29, 2019
Q2 Spotlight

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

September 10, 2019
Central 1 ISO 20022 Workshop 
Westin Harbour Castle, Toronto

 3:00 PM – 5:30 PM EDT

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

Canadian lobster exports boom amid U.S. trade tensions with China (CBC)

TSX boosted by energy stocks as trade tensions ease (Reuters)

Stock markets remain jittery even as Trump and China try to ease trade war fears (CBC)

U.S. business investment appears weak in third quarter (Reuters)

U.S. lawmaker says still concerned about Facebook cryptocurrency after Swiss meetings (Reuters)

Through the roof: Low inventory of houses fuels sellers' market in Halifax



Industry Events

September 15-17, 2019
CULA Conference - Transformational 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

December 3, 2019
Annual Credit Union Forum & Holiday Luncheon

Liuna Station
Hamilton, ON
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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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