What's new
Economics
/ 25 Sep 2020
Economics
/ 25 Sep 2020
Payments News
/ 25 Sep 2020
Ensuring the Safety and Soundness of Payments for...
Meet Sue Whitney, the payments guru who is leading Central 1 on our Payments Modernization journey. As VP of Payments Strategy, Sue has brought to Central 1 and the credit...
Forge
/ 21 Sep 2020
Easing COVID-19 Pains for Small Businesses
CHALLENGES With early recovery now in play, it’s important to examine the needs of small businesses in the Canadian market. Labour Force Survey estimates indicate that small establishments employed about 65%...
Economics
/ 18 Sep 2020
Economics
/ 18 Sep 2020
Economics, Media Releases
/ 09 Sep 2020
Central 1 News
/ 09 Sep 2020
Industry News
/ 03 Sep 2020
Central 1 News, Media Releases
/ 03 Sep 2020
Product News
/ 01 Sep 2020
Could TFSA Over-contributions Explode in 2020?
Is a Registered Retirement Savings Plan (RRSP) or a Tax-Free Savings Account (TFSA) better to save for the future? This is the question for many...
Economics
/ 28 Aug 2020
Payments News
/ 26 Aug 2020
Payments Modernization: Bank of Canada advises financial institutions...
As Central 1 continues to make good progress on our Payments Modernization strategy, we spoke to Deputy Governor Bank of Canada, Timothy Lane, about what’s expected from financial institutions as Canada moves towards...
Media Releases
/ 26 Aug 2020
Economics
/ 21 Aug 2020
Economics
/ 21 Aug 2020
Economics
/ 15 Aug 2020
Industry News
/ 10 Aug 2020
Millennials Are Investing More Now Than Ever Before...
It’s been widely reported that millennials have resisted investing, instead favoring low risk savings accounts and term deposits to save for retirement. This risk adverse...
Economics
/ 17 Jul 2020
Economics
/ 10 Jul 2020
Payments News
/ 29 Jun 2020
Payments Modernization: How to prepare now for Canada’s...
Digital payments are coming of age. The COVID-19 pandemic is accelerating the shift towards fast, flexible and secure digital payments and reinforcing the importance of...
Economics
/ 26 Jun 2020
Economics
/ 19 Jun 2020
Product News
/ 18 Jun 2020
How will Large Organizations Adapt to the New Normal?
What happens when the world as we know it changes entirely? As we’ve seen throughout 2020, and as we begin to envision a post-pandemic landscape, the need for financial institutions to adapt to customer needs is crucial now...
Economics
/ 05 Jun 2020
Central 1 Financial Results, Central 1 News
/ 22 May 2020
Payments News
/ 21 May 2020
Central 1 News, Media Releases
/ 20 May 2020
Economics
/ 15 May 2020
Economics
/ 01 May 2020
Central 1 News
/ 30 Apr 2020
Coming Together as One to Support Small Businesses...
As COVID-19 continues to present new challenges, I am encouraged to see how we are navigating this together as a community and continuing to support...
Economics
/ 17 Apr 2020
Central 1 News
/ 06 Apr 2020
Economics
/ 03 Apr 2020
Economics
/ 03 Apr 2020
Economics
/ 27 Mar 2020
Central 1 News
/ 27 Mar 2020
Economics
/ 20 Mar 2020
Economics
/ 20 Mar 2020
Economics
/ 13 Mar 2020
Economics
/ 13 Mar 2020
Economics
/ 06 Mar 2020
Central 1 Financial Results
/ 21 Feb 2020
Central 1 News
/ 19 Feb 2020
Central 1 News
/ 18 Feb 2020
Central 1 News
/ 10 Feb 2020
Economics
/ 07 Feb 2020
Economics
/ 07 Feb 2020
Economics
/ 31 Jan 2020
Central 1 News
/ 27 Jan 2020
Economics
/ 24 Jan 2020
Economics
/ 24 Jan 2020
Economics
/ 17 Jan 2020
Economics
/ 17 Jan 2020
Economics
/ 10 Jan 2020
Central 1 News, Media Releases
/ 09 Jan 2020
Central 1 News
/ 19 Dec 2019
Central 1 News
/ 13 Dec 2019
Economics
/ 13 Dec 2019
Economics
/ 13 Dec 2019
Economics
/ 06 Dec 2019
Economics
/ 06 Dec 2019
Economics
/ 29 Nov 2019
Economics
/ 29 Nov 2019
Central 1 News
/ 25 Nov 2019
Economics
/ 22 Nov 2019
Economics
/ 15 Nov 2019
Economics
/ 08 Nov 2019
Central 1 News
/ 04 Nov 2019
Economics
/ 25 Oct 2019
Economics
/ 25 Oct 2019
Economics
/ 18 Oct 2019
Economics
/ 04 Oct 2019
Economics
/ 27 Sep 2019
Economics
/ 20 Sep 2019
Economics
/ 13 Sep 2019
Economics
/ 13 Sep 2019
Central 1 News, Industry News, Product News
/ 11 Sep 2019
Central 1 News, Media Releases
/ 10 Sep 2019
Economics
/ 06 Sep 2019
Economics
/ 06 Sep 2019
Economics
/ 30 Aug 2019
Central 1 Financial Results, Central 1 News
/ 23 Aug 2019
Strong Treasury Earnings in the Second Quarter of 2019 Furthering Strategic Investments
VANCOUVER, B.C., Aug 23, 2019 – Central 1 Credit Union (Central 1) today 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. Higher earnings...
Economics
/ 23 Aug 2019
Economics
/ 23 Aug 2019
Economics
/ 16 Aug 2019
Economics
/ 16 Aug 2019
Central 1 News, Economics, Media Releases
/ 15 Aug 2019
Economics
/ 09 Aug 2019
Economics
/ 09 Aug 2019
Central 1 News, Media Releases, Product News
/ 07 Aug 2019
Central 1 News, Industry News, Media Releases
/ 01 Aug 2019
Central 1 Launches Full Suite of Digital Products Transforming Digital Offering
Using Central 1’s Forge Digital Banking Platform, credit unions and other financial institutions can offer Canadians leading digital experiences in today's fast-evolving fintech landscape VANCOUVER, BC, August 1, 2019 – Central 1 Credit Union is pleased to announce the launch of its full retail suite...
Economics
/ 26 Jul 2019
Central 1 News, Economics, Media Releases
/ 24 Jul 2019
Economics
/ 12 Jul 2019
Economics
/ 12 Jul 2019
Economics
/ 08 Jul 2019
Economics
/ 05 Jul 2019
Economics
/ 02 Jul 2019
Interest Rate Forecast – June 2019
Policy dependence has rarely been more crucial to an interest rate forecast. Imposed tariffs have depressed trade volumes, business confidence, and business spending.
Economics
/ 28 Jun 2019
Economics
/ 21 Jun 2019
Central 1 News
/ 21 Jun 2019
B.C. credit unions raise more than $340,000 for vital equipment at B.C. Children’s Hospital
B.C. Children’s Hospital Foundation’s Miracle Weekend Credit Union Committee presented $340,022 to the B.C. Children’s Hospital to fund lifesaving technological equipment on June 2, 2019. Over the past year, 60 per cent of B.C.’s 41 credit unions took part in a campaign to raise funds...
Economics
/ 07 Jun 2019
Economics
/ 07 Jun 2019
Central 1 News, Economics
/ 06 Jun 2019
Economics
/ 05 Jun 2019
Interest Rate Forecast – May 2019
“Tariff Man” – President Donald Trump - is at it again. This time threatening to impose tariffs on all goods imported from Mexico if it...
Economics
/ 31 May 2019
Central 1 Financial Results, Central 1 News
/ 23 May 2019
Central 1’s First Quarter 2019 Delivers Higher Financial Income
VANCOUVER, B.C. – Central 1 Credit Union (Central 1) today announced its first quarter 2019 financial results, which saw higher financial income (up $23 million over 2018) and continued investments in strategic initiatives. “Our number one priority is to enable our clients’ success through the...
Economics
/ 17 May 2019
Economics
/ 10 May 2019
Economics
/ 03 May 2019
Central 1 News
/ 01 May 2019
Distinguished Service Awards presented by Credit Union Foundation of BC
VANCOUVER – Central 1 Credit Union (Central 1), on behalf of the Credit Union Foundation of BC, is pleased to congratulate Emmet McGrath, Board Director of Westminster Savings, and Jeremy Trigg, Director of Facility and Environmental Management at Vancity, as recipients of the 2019 Distinguished...
Economics
/ 01 May 2019
Interest Rate Forecast – April 2019
May you live in interesting times is an oft-cited curse and these times are certainly that for a forecaster.
Central 1 News
/ 26 Apr 2019
Central 1 Announces Voting Results from Annual General and Special Meeting
VANCOUVER — Central 1 Credit Union (“Central 1”) is pleased to announce that its members have passed a special resolution approving amendments to its Constitutions and Rules (“Rules”), three dues resolutions and a resolution re-appointing its auditors, at its Annual General and Special Meeting held...
Economics
/ 26 Apr 2019
Central 1 News
/ 25 Apr 2019
Announcing the 2019 Gary Gillam Award Recipient
VANCOUVER, BC – Alterna Savings and Central 1 Credit Union (Central 1) are pleased to announce Liz Arkinstall, Corporate Social Responsibility Manager, Libro Credit Union, as the recipient of the 2019 Gary Gillam Award. Jointly sponsored by Alterna Savings and Central 1, the Gary Gillam...
Economics
/ 24 Apr 2019
Bank of Canada rate announcement – April 24 2019
he Bank of Canada kept its target for the overnight rate unchanged at 1.75 per cent citing weaker than expected economic growth in Canada.
Economics
/ 18 Apr 2019
Economics
/ 18 Apr 2019
Economics
/ 12 Apr 2019
Economics
/ 12 Apr 2019
Central 1 News
/ 04 Apr 2019
Central 1 to transition Credit Union Advantage Insurance Brokerage to The Co-operators
Central 1 Credit Union and The Co-operators are pleased to announce that they have reached an agreement to transfer the ownership of Credit Union Advantage Insurance Brokerage Ltd. (CUAIB) to The Co-operators. Concurrent with this, CUMIS, a fully owned subsidiary of The Co-operators, will become the...
Economics
/ 22 Mar 2019
Economics
/ 22 Mar 2019
Central 1 News, Economics
/ 21 Mar 2019
Economics
/ 19 Mar 2019
Is Canada’s economy slipping into recession?
Recent Gross Domestic Product (GDP) readings on Canada’s economy have indicated considerable weakness, and when taken in conjunction with the housing downturn, some observers are...
Economics
/ 15 Mar 2019
Central 1 News, Product News
/ 13 Mar 2019
Central 1 Delivers First-in-Canada combined Request Money and Small Business Invoicing using Interac e-Transfer®
Small business owners can now send an invoice and request quick payment via Interac e-Transfer! VANCOUVER, B.C. – Central 1 today announces the launch of Request Money integration into Central 1’s small business online invoicing and payments product. The integrated solution combines Central 1’s small business...
Economics
/ 09 Mar 2019
Economics
/ 06 Mar 2019
Bank of Canada rate announcement – March 2019
The Bank of Canada kept its target for the overnight rate unchanged at 1.75 per cent.
Economics
/ 04 Mar 2019
Interest Rate Forecast – February 2019
Economic conditions and prospects did not materially change during the past month and the same policy and geopolitical risks remain.
Central 1 News
/ 04 Mar 2019
Central 1 Announces Elected and Appointed Members to its Board
VANCOUVER, BC — Central 1 Credit Union (Central 1) is pleased to announce the re-election of Bill Kiss and the election of Mary Falconer and Cheryl Wallace to Central 1’s Board of Directors (Board). In addition, Meridian Credit Union Limited has elected to appoint Sunny...
Central 1 News
/ 25 Feb 2019
Central 1 Financial Results, Central 1 News
/ 22 Feb 2019
Economics
/ 22 Feb 2019
Economics
/ 22 Feb 2019
Economics
/ 20 Feb 2019
B.C. Budget 2019
In a budget relatively light on announcements, the government maintained its focus on addressing affordability challenges for families....
Economics
/ 15 Feb 2019
Central 1 News, Industry News
/ 14 Feb 2019
Central 1 News
/ 05 Feb 2019
Economics
/ 01 Feb 2019
Ontario briefing for February 1: employment, small business confidence, motor and vehicle parts manufacturing GDP
Payroll employment increased by 29,209 net new workers in November, Small-business confidence increased 1.3 points to 60.4 in January, Motor and vehicle parts manufacturing GDP...
Economics
/ 01 Feb 2019
B.C. briefing for February 1: wage earnings and employment, small business confidence
Wage earnings and employment creep higher in November, Year-over-year weekly earnings gain of 3.2 per cent among highest in Canada, Small business confidence softens to...
Economics
/ 01 Feb 2019
Interest Rate Forecast – January 2019
The Bank of Canada’s decision to hold rates at its last meeting was justified by incoming data showing further weakness in the global economy, as...
Economics
/ 26 Jan 2019
Economics
/ 25 Jan 2019
Economics
/ 11 Jan 2019
Economics
/ 09 Jan 2019
Bank of Canada rate announcement – January 2019
The Bank of Canada left its policy rates unchanged in response to weaker economic growth. Weaker than expected oil prices, housing activity and consumer spending...
Economics
/ 18 Dec 2018
Economics
/ 17 Dec 2018
Is the yield curve signaling recession?
Recent bond yield movements have inverted a portion of the yield curve, heightening concerns about an economic recession.
Economics
/ 14 Dec 2018
Economics
/ 07 Dec 2018
Economics
/ 07 Dec 2018
Economics
/ 05 Dec 2018
Bank of Canada rate announcement – December 2018
No change in the Bank of Canada’s policy rate was announced, leaving it unchanged at 1.75 per cent. The Bank took a more dovish tone...
Economics
/ 03 Dec 2018
Interest Rate Forecast – November 2018
More signs emerged that the Bank of Canada’s rates will remain on hold in December and into 2019.
Central 1 News
/ 22 Nov 2018
Economics
/ 21 Nov 2018
Federal Fall Economic Statement 2018
The federal government delivered its Fall Economic Statement 2018 providing a fiscal update to Budget 2018 and outlined initiatives to improve Canada’s competitiveness
Economics
/ 20 Nov 2018
Economics
/ 16 Nov 2018
Economics
/ 09 Nov 2018
Economics
/ 09 Nov 2018
Economics
/ 02 Nov 2018
Industry News
/ 30 Oct 2018
Coast Capital Savings Approved to Become a Federal Credit Union
October 30, 2018 - Central 1 congratulates Coast Capital Savings for receiving approval to become a federal credit union by Minister of Finance Bill Morneau, effective November 1, 2018. “We know that Canadians value the alternative to traditional banks that our members provide, and as...
Central 1 News
/ 29 Oct 2018
Economics
/ 18 Oct 2018
Ontario economy expected to slow as consumer demand stumbles, according to new Central 1 report
New Ontario Economic Outlook Report 2018–2020 Ontario’s economy slows and is expected to grow less than two per cent annually in 2019 and 2020, according to the latest Central 1 Credit Union (Central 1) forecast. The Ontario Economic Forecast Update 2018-2020 report looks at residential...
Central 1 News
/ 09 Oct 2018
Economics
/ 28 Sep 2018
Economics
/ 28 Sep 2018
Interest Rate Forecast – September 2018
Despite increasing trade tensions, U.S. and Canadian monetary policy will continue to normalize conditions in the near term.
Economics
/ 21 Sep 2018
Economics
/ 14 Sep 2018
Ontario Economic Briefing
Ontario briefing for September 14 looks at tourism, housing starts and housing resale market in Toronto.
Economics
/ 14 Sep 2018
B.C. Economic Briefing
B.C. briefing for September 14 looks at housing starts and tourism
Economics
/ 07 Sep 2018
Ontario Economic Briefing
Ontario briefing for September 7 looks at unemployment, exports and non-residential building permits.
Economics
/ 07 Sep 2018
B.C. Economic Briefing
B.C. briefing for September 7 looks at employment, housing market, exports and residential building permits.