Posted by Carlos Obregon

At this Wednesday's meeting, we had 16 members present. Our only guest was our speaker Bryan Yu who is the Deputy Chief Economist for Central 1 credit union.


Rotary Moment:


Sheila Anderson is doing the Rotary Moment this month. Today she read from Rotary Canada some of 20 things to know about Rotary.  Among things he read were – 4 R.I. Presidents were from Canada, Winnipeg was the first club outside the U.S.A., and the R.I. Convention has been held in Canada 7 times and it is scheduled for Toronto next year. 
  • The Hoopathon is this Saturday. Please be there at 10 am and be ready to have fun!
  • Our changeover brunch will be June 25th at Patron Tacos Cantina at 11 am. $35 per person.
Meeting -   Today our guest speaker was Bryan Yu, from Central 1 Credit Union. His presentation was titled "Economic and Housing Outlook for Canada".
His presentation was filled with very well researched and useful data. These are some highlights:
  • Currently, there is a positive outlook for the Global economy. Growth is around 3%
  • 2 more interest rate increases are expected in the US this year.
  • The Canadian economy is expected to have modest growth in the second half of this year.
  • The Bank of Canad is expected to hold rates for the rest of this year.
  • The Canadian dollar is expected to remain in the 74-75 cents exchange rate.
  • BC's outlook is positive, 2.8% growth expected this year.
  • BC's labour market is the strongest in Canada.
Pic from our meeting today:
Thought of the day:
You can make positive deposits in your own economy every day by reading and listening to powerful, positive, life-changing content and by associating with encouraging and hope-building people.
Zig Ziglar
Next 3 Speakers:
June 7 - RYLA
June 14 - Business Meeting
June 21 - Larry Belsito - Canada's 150th Birthday
Important Links:
Set up your Rotary foundation donation via credit card: Just click here