The Hub: News & Events for August 6, 2019

View this email in your browser August 6, 2019   Central 1 News  B.C. Economic Briefing • Resource sector weakness drag on exports • Lumber production dives in May Ontario Economic Briefing • Motor vehicle and parts manufacturing had the largest month-over-month increase since September 2018 • Only two sectors posted a stronger month- over month export growth in June B.C. Credit Union System Financial Performance - login required  During the second quarter 2019, system net operating income totaled $78.2 million, down $9.4 million (10.7 per cent) from the same period last year. Lower NOI resulted from higher non-interest expense which outweighed higher non-interest income. Net interest income was down slightly.   Momentum 2019 Momentum 2019 is an opportunity to discuss the tremendous disruption facing the financial services industry and collaborate with other leaders on collective strategies. Join us September 8-10 at the Westin Harbour Castle Hotel in Toronto for insight into finance innovation, the future of banking and leadership. Central 1 Events 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 Industry News Economics New York stock indexes hammered as China allows yuan to devalue (CBC) TSX falls as financial, energy shares tumble (Reuters) Technology Mastercard Buys Nets Unit for $3.19 Billion in Largest Deal (Bloomberg) Housing / Real Estate Pent-up demand, falling price fuel first monthly housing sales increase in Vancouver in 18 months (The Globe and Mail) - featuring Central 1's Bryan Yu subscription access only Toronto area housing sales up 24.3% in July, prices rise due to tighter supply (CBC)   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 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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