The Hub: News & Events for August 6, 2019

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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
Button to Credit Union Careers
Button to Central 1's Economic Insights
Button to our Annual Research Package

Industry News

New York stock indexes hammered as China allows yuan to devalue (CBC)

TSX falls as financial, energy shares tumble (Reuters)

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
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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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